FNX:NASDAQFirst Trust Mid Cap Core AlphaDEX Fund Analysis

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is trading at $143.15, comfortably above its 20‑day SMA of 140.94, 50‑day SMA of 138.59 and 200‑day SMA of 130.91, signaling a sustained bullish trend. The RSI sits at 58.96, below overbought levels, while the MACD line is positive (1.37) and its histogram remains above zero, confirming momentum. Price action respects a clear support zone near 136.21 and faces resistance around 144.77, with current levels flirting with the upper bound. Volume is on an increasing trajectory, outpacing the 10‑day average of 19,120 and aligning with the recent price gains.
Volatility over the past 30 days is moderate at 16.6% and the fund’s beta of 1.04 suggests slightly higher sensitivity to market moves, yet the max drawdown of -9.4% remains contained. An expense ratio of 0.62% is competitive for a smart‑beta ETF, and the YTD return of 11.59% outperforms many peers. The Fear & Greed Index at 91.46 (Extreme Greed) reflects strong investor confidence, while a tracking error of zero underscores precise index replication.