


Technical Sentiment Analysis for First Trust Mid Cap Value AlphaDEX Fund (FNK). As of 2026-05-22, First Trust Mid Cap Value AlphaDEX Fund (FNK) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 11 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FNK stands at 54.58, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.07, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 54.88 and the Commodity Channel Index (CCI) at 19.03 further confirm a 0.01 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, FNK is trading above its 60-day moving average of $58.3 and above its 200-day long-term moving average of $56.74. Key price levels to watch include the immediate resistance at $59.43 and strong support at $57.42. A break above $59.43 could signal a bull continuation, while falling below $57.42 may test the next Fibonacci floor at $56.47.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 55.41 | 56.47 | 57.42 | 58.48 | 59.43 | 60.49 | 61.44 |
| Fibonacci | 56.47 | 57.24 | 57.71 | 58.48 | 59.25 | 59.72 | 60.49 |
2026-05-22
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 54.58 |
| Stochastic Oscillator | 54.88 |
| Stochastic RSI | 39.5 |
| Commodity Channel Index (CCI) | 19.03 |
| Awesome Oscillator | -0.61 |
| Momentum | 0.01 |
| MACD | -0.07 |
2026-05-22
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 58.61 | Buy |
| 10-Day | 58.37 | Buy |
| 20-Day | 58.99 | Buy |
| 60-Day | 58.3 | Buy |
| 200-Day | 56.74 | Buy |
| 250-Day | 55.81 | Buy |