FYC:NASDAQFirst Trust Small Cap Growth AlphaDEX Fund Analysis

The First Trust Small Cap Growth AlphaDEX Fund (FYC) is riding a strong bullish backdrop, with the 20‑day SMA (≈122.2) comfortably above the 50‑day (≈118.4) and 200‑day (≈103.9) averages, signaling upward momentum. YTD performance is impressive at +32.6%, reinforced by an “Extreme Greed” sentiment reading of 86.34 on the Fear & Greed Index. However, the MACD shows a bearish divergence (line 0.25 vs signal 0.95, histogram ‑0.70) and RSI sits at 44, suggesting limited upside momentum ahead. The ETF trades near its technical support at $117.94 and faces resistance around $127.57, while 30‑day volatility is elevated at ~21% and beta is high at 1.39, indicating sensitivity to market swings. Despite these risks, the fund’s low expense ratio (0.7%) and zero tracking error keep costs minimal, and the max drawdown of just over 10% remains manageable for growth‑focused investors.