First Trust NASDAQ Rising Dividend ETF Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of RDVY
| Stock Analysis |
|
| Risk Assessment |
|
| Trading Strategy |
|
First Trust NASDAQ Rising Dividend ETF price up 1.22% on Friday
(Updated on Oct 04, 2024)
Buy or Hold candidate since Sep 17, 2024
Gain 2.50%
The First Trust NASDAQ Rising Dividend ETF price gained 1.22% on the last trading day (Friday, 4th Oct 2024), rising from $58.78 to $59.50. During the last trading day the ETF fluctuated 0.97% from a day low at $59.05 to a day high of $59.62. The price has risen in 6 of the last 10 days and is up by 1.28% 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, 6 thousand more shares were traded than the day before. In total, 620 thousand shares were bought and sold for approximately $36.86 million.
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 5.02% during the next 3 months and, with a 90% probability hold a price between $58.42 and $63.58 at the end of this 3-month period.
RDVY Signals & Forecast
Mostly positive signals in the chart today. The First Trust NASDAQ Rising Dividend 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 $58.97 and $57.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 05, 2024, and so far it has risen 10.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Tuesday, July 09, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, July 09, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for First Trust NASDAQ Rising Dividend ETF
First Trust NASDAQ Rising Dividend finds support from accumulated volume at $58.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.570 (0.97%) between high and low. For the last week, the ETF has had daily average volatility of 1.07%.
Our recommended stop-loss: $57.33 (-3.64%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (RDVY) For The Upcoming Trading Day Of Monday 7th
For the upcoming trading day on Monday, 7th we expect First Trust NASDAQ Rising Dividend Achievers ETF to open at $59.39, and during the day (based on 14 day Average True Range), to move between $58.73 and $60.27, which gives a possible trading interval of +/-$0.770 (+/-1.29%) up or down from last closing price. If First Trust NASDAQ Rising Dividend Achievers ETF takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $58.95, some $0.550 (0.92%) from the current price of $59.50, our system finds the risk reward attractive.
Is First Trust NASDAQ Rising Dividend Achievers 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 NASDAQ Rising Dividend ETF to perform well in the short-term.
Current score:
3.399
Buy Candidate
Unchanged
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on October 7, 2024 - $59.39 ( 0.185%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for RDVY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.96 | 0.773% |
| R2 | 59.74 | 0.407% |
| R1 | 59.61 | 0.181% |
| Price | 59.50 | |
| S1 | 59.17 | -0.551% |
| S2 | 59.04 | -0.777% |
| S3 | 58.82 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 59.50 | |
| S1 | 58.95 | -0.92% |
| S2 | 58.75 | -1.26% |
| S3 | 57.92 | -2.66% |
RDVY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.224 | 0.398% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.342 | 0.662% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.224 | 0.487% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.302 | 0.641% |
| 5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.211 | 0.470% |
FAQ
Click here for our free guide on how to buy First Trust NASDAQ Rising Dividend Achievers ETF ETF.
