First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF Stock Analysis
Technical stock analysis for 23 January 2019
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF fell by -0.01% in the last day from $50.26 to $50.26 and has now fallen 3 days in a row. The price has risen in 7 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -30 264 shares and in total 2 184 shares bought and sold for approximately $109 760.00.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the RFAP stock was $50.26. This is 0.01% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 0.22% from a day low at $50.19 to a day high of $50.30.
30 day high of the RFAP stock price was $51.28 and low was $46.05.
90 day high was $53.51 and low was $46.05.
52 week high for the First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF - $64.93 and low - $46.05.
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF lies in the middle of a wide and 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 -5.91% during the next 3 months and, with 90% probability hold a price between $42.56 and $48.64 at the end of this period.
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $50.49. On a fall, the stock will find some support from the long-term average at approximately $49.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF finds support from accumulated volume at $47.86.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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First Trust Exchange-Traded Fund III RiverFront Dynamic Asia Pac ETF holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.