First Trust RiverFront Dynamic Emerging ETF Forecast
Green day on Thursday for First Trust RiverFront Dynamic Emerging
(Updated on Mar 28, 2024)
The First Trust RiverFront Dynamic Emerging ETF price gained 0.370% on the last trading day (Thursday, 28th Mar 2024), rising from $61.01 to $61.23. During the last trading day the ETF fluctuated 0.0653% from a day low at $61.21 to a day high of $61.25. The price has risen in 6 of the last 10 days and is up by 0.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 233 more shares were traded than the day before. In total, 597 shares were bought and sold for approximately $36.56 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.47% during the next 3 months and, with a 90% probability hold a price between $64.53 and $67.99 at the end of this 3-month period.
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RFEM Signals & Forecast
The First Trust RiverFront Dynamic Emerging ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $61.06 and $60.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. First Trust RiverFront Dynamic Emerging has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First Trust RiverFront Dynamic Emerging ETF
First Trust RiverFront Dynamic Emerging finds support from accumulated volume at $58.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0400 between high and low, or 0.0653%. For the last week the ETF has had daily average volatility of 0.121%.
Our recommended stop-loss: $57.63 (-5.88%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (RFEM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust RiverFront Dynamic Emerging Markets ETF to open at $61.23, and during the day (based on 14 day Average True Range), to move between $60.85 and $61.62, which gives a possible trading interval of +/-$0.383 (+/-0.63%) up or down from last closing price. If First Trust RiverFront Dynamic Emerging Markets ETF takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.26 (0.05%) than the support at $58.58 (4.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Trust RiverFront Dynamic Emerging Markets ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust RiverFront Dynamic Emerging ETF to perform well in the short-term.
Current score: 4.904 Buy Candidate Unchanged
Predicted Opening Price for First Trust RiverFront Dynamic Emerging Markets ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$61.23 ( 0.0049%) | $61.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFEM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 61.27 | 0.0604 % | |
R2 | 61.26 | 0.0355 % | ||
R1 | 61.25 | 0.0201 % | ||
Current price: | 61.23 | |||
Support | S1 | 61.22 | -0.0299 % | |
S2 | 61.21 | -0.0453 % | ||
S3 | 61.19 | -0.0702 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62.15 | 1.50 % | |
R2 | 61.54 | 0.499 % | ||
R1 | 61.26 | 0.0477 % | ||
Current price | 61.23 | |||
Support | S1 | 58.58 | -4.33% | |
S2 | 58.32 | -4.76% | ||
S3 | 58.12 | -5.09% |
RFEM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.627 | 1.06% |
2 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.575 | 1.08% |
3 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.740 | 1.34% |
4 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $1.46 | 2.88% |
5 | Sep 22, 2022 | Sep 23, 2022 | Sep 30, 2022 | $1.61 | 3.50% |
FAQ
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