RIVERFRONT DYNAMIC US FLEX-CAP ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
RIVERFRONT DYNAMIC US FLEX-CAP ETF downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
No changes to the price of RIVERFRONT DYNAMIC US FLEX-CAP ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $54.29 to a day high of $54.29. The price has been going up and down for this period, and there has been a 1.51% gain for the last 2 weeks.
The ETF lies in the middle of a narrow and 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 5.46% during the next 3 months and, with a 90% probability hold a price between $55.89 and $57.93 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 $54.18 and $53.20. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0590%
The RIVERFRONT DYNAMIC US FLEX-CAP ETF is extremely overbought on RSI14 (90). This increases the short-term risk substantially.
Our recommended stop-loss: $52.55 (-3.20%) (This ETF has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (RFFC) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect RIVERFRONT DYNAMIC US FLEX-CAP ETF RIVERFRONT DYNAMIC US FLEX-CAP ETF to open at $54.29, and during the day (based on 14 day Average True Range), to move between $54.10 and $54.48, which gives a possible trading interval of +/-$0.190 (+/-0.35%) 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 0.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $54.00, some $0.290 (0.53%) from the current price of $54.29, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.976 Hold/Accumulate Downgraded
Predicted Opening Price for RIVERFRONT DYNAMIC US FLEX-CAP ETF RIVERFRONT DYNAMIC US FLEX-CAP ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $54.29 ( 0%) | $54.29 |
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 | 54.29 | - |
| R2 | 54.29 | - |
| R1 | 54.29 | - |
| Price | 54.29 | |
| S1 | 54.29 | - |
| S2 | 54.29 | - |
| S3 | 54.29 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 54.29 | |
| S1 | 54.00 | -0.534% |
| S2 | 52.74 | -2.86% |
| S3 | 52.06 | -4.12% |
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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