RIVERFRONT DYNAMIC US FLEX-CAP ETF Forecast
Green day on Thursday for RIVERFRONT DYNAMIC US FLEX-CAP
(Updated on Jun 20, 2024)
The RIVERFRONT DYNAMIC US FLEX-CAP ETF price gained 0.463% on the last trading day (Thursday, 20th Jun 2024), rising from $54.00 to $54.25. During the last trading day the ETF fluctuated 0.129% from a day low at $54.22 to a day high of $54.29. The price has been going up and down for this period, and there has been a 2.86% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $104.11 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 4.13% during the next 3 months and, with a 90% probability hold a price between $54.46 and $57.47 at the end of this 3-month period.
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RFFC Signals & Forecast
The RIVERFRONT DYNAMIC US FLEX-CAP 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 $53.96 and $52.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.15%. 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). RIVERFRONT DYNAMIC US FLEX-CAP 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for RIVERFRONT DYNAMIC US FLEX-CAP ETF
RIVERFRONT DYNAMIC US FLEX-CAP finds support from accumulated volume at $54.00 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 $0.0700 between high and low, or 0.129%. For the last week the ETF has had daily average volatility of 0.0258%.
Our recommended stop-loss: $52.39 (-3.42%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (RFFC) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect RIVERFRONT DYNAMIC US FLEX-CAP ETF RIVERFRONT DYNAMIC US FLEX-CAP ETF to open at $54.25, and during the day (based on 14 day Average True Range), to move between $54.02 and $54.48, which gives a possible trading interval of +/-$0.234 (+/-0.43%) up or down from last closing price. If RIVERFRONT DYNAMIC US FLEX-CAP ETF RIVERFRONT DYNAMIC US FLEX-CAP ETF takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $54.00, some $0.250 (0.46%) from the current price of $54.25, our system finds the risk reward attractive.
Is RIVERFRONT DYNAMIC US FLEX-CAP ETF RIVERFRONT DYNAMIC US FLEX-CAP ETF ETF A Buy?
RIVERFRONT DYNAMIC US FLEX-CAP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for RIVERFRONT DYNAMIC US FLEX-CAP ETF RIVERFRONT DYNAMIC US FLEX-CAP ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $54.25 ( 0.0061%) | $54.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFFC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.32 | 0.135% |
| R2 | 54.30 | 0.0859% |
| R1 | 54.28 | 0.0554% |
| Price | 54.25 | |
| S1 | 54.23 | -0.0431% |
| S2 | 54.21 | -0.0736% |
| S3 | 54.18 | -0.123% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 54.25 | |
| S1 | 54.00 | -0.461% |
| S2 | 53.00 | -2.30% |
| S3 | 52.74 | -2.78% |
RFFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.181 | 0.345% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.0290 | 0.0611% |
| 3 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | $0.0650 | 0.144% |
| 4 | Feb 20, 2023 | Oct 26, 2023 | Oct 31, 2023 | $0.0430 | 0.103% |
| 5 | Feb 20, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.0280 | 0.0660% |
FAQ
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