First Trust RiverFront Dynamic Emerging ETF Forecast
First Trust RiverFront Dynamic Emerging ETF price up 1.05% on Friday
(Updated on Apr 26, 2024)
The First Trust RiverFront Dynamic Emerging ETF price gained 1.05% on the last trading day (Friday, 26th Apr 2024), rising from $61.03 to $61.67. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0995% from a day low at $61.61 to a day high of $61.67. The price has risen in 6 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume fell on the last day by -750 shares and in total, 666 shares were bought and sold for approximately $41.07 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 3.76% during the next 3 months and, with a 90% probability hold a price between $62.21 and $65.63 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, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.53 and $61.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.38%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for First Trust RiverFront Dynamic Emerging ETF
First Trust RiverFront Dynamic Emerging finds support from accumulated volume at $60.60 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0613 between high and low, or 0.0995%. For the last week the ETF has had daily average volatility of 0.455%
Our recommended stop-loss: $58.72 (-4.79%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (RFEM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect First Trust RiverFront Dynamic Emerging Markets ETF to open at $61.65, and during the day (based on 14 day Average True Range), to move between $61.21 and $62.13, which gives a possible trading interval of +/-$0.459 (+/-0.74%) 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 1.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.69 (0.03%) than the support at $60.60 (1.74%), 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: 1.703 Buy Candidate Unchanged
Predicted Opening Price for First Trust RiverFront Dynamic Emerging Markets ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $61.65 ( 0.0331%) | $61.67 |
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 | 61.71 | 0.0663 % | |
| R2 | 61.69 | 0.0283 % | ||
| R1 | 61.67 | 0.0048 % | ||
| Current price: | 61.67 | |||
| Support | S1 | 61.63 | -0.0711 % | |
| S2 | 61.61 | -0.0946 % | ||
| S3 | 61.59 | -0.133 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.77 | 1.78 % | |
| R2 | 62.00 | 0.533 % | ||
| R1 | 61.69 | 0.0277 % | ||
| Current price | 61.67 | |||
| Support | S1 | 60.60 | -1.74% | |
| S2 | 59.97 | -2.76% | ||
| S3 | 58.58 | -5.01% |
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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