


Technical Sentiment Analysis for First Trust Mid Cap Value AlphaDEX Fund (FNK). As of 2026-07-08, First Trust Mid Cap Value AlphaDEX Fund (FNK) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 8 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FNK stands at 61.03, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.52, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 83.69 and the Commodity Channel Index (CCI) at 67.64 further confirm a 1.11 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, FNK is trading above its 60-day moving average of $59.86 and above its 200-day long-term moving average of $57.54. Key price levels to watch include the immediate resistance at $62.09 and strong support at $60.7. A break above $62.09 could signal a bull continuation, while falling below $60.7 may test the next Fibonacci floor at $59.92.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59.3 | 59.92 | 60.7 | 61.31 | 62.09 | 62.71 | 63.49 |
| Fibonacci | 59.92 | 60.45 | 60.78 | 61.31 | 61.84 | 62.17 | 62.71 |
2026-07-08
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 61.03 |
| Stochastic Oscillator | 83.69 |
| Stochastic RSI | 84.49 |
| Commodity Channel Index (CCI) | 67.64 |
| Awesome Oscillator | 1.26 |
| Momentum | 1.11 |
| MACD | 0.52 |
2026-07-08
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 61.56 | Sell |
| 10-Day | 61.48 | Buy |
| 20-Day | 61.02 | Buy |
| 60-Day | 59.86 | Buy |
| 200-Day | 57.54 | Buy |
| 250-Day | 56.91 | Buy |