First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF Forecast and Stock Analysis
Technical RFAP stock analysis for Friday June 14, 2019.
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF fell by -1.75% in the last day ( Friday, 14th Jun 2019 ) from $49.62 to $48.75 and has now fallen 4 days in a row. During day the stock fluctuated 0.53% from a day low at $48.75 to a day high of $49.01. The price has risen in 6 of the last 10 days and is up by 0.35% over the past 2 weeks. Volume has increased in the last day by 481 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 867 shares bought and sold for approximately $42 265.90.
- 30 day high of the RFAP stock price was $50.57 and low was $48.35.
- 90 day high was $52.32 and low was $48.35.
- 52 week high for the First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF - $59.63 and low - $46.05.
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.18% during the next 3 months and, with 90% probability hold a price between $45.48 and $48.19 at the end of this period.
There are few to none technical positive signals at the moment. First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $49.75 and $49.95. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF finds support from accumulated volume at $48.58.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.26 (0.53%) between high and low. For the last week, the stock has had a daily average volatility of 0.35%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.35 %Average volatility
Very Low Low Medium High Very High
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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