First Trust Exchange-Traded Fund III ETF Forecast
First Trust Exchange-Traded Fund III ETF price down 0.0648% on Thursday
(Updated on Apr 18, 2024)
The First Trust Exchange-Traded Fund III ETF price fell by -0.0648% on the last day (Thursday, 18th Apr 2024) from $61.71 to $61.67. During the last trading day the ETF fluctuated 0.682% from a day low at $61.60 to a day high of $62.02. The price has fallen in 6 of the last 10 days and is down by -3.19% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $318.34 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $61.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.49% during the next 3 months and, with a 90% probability hold a price between $64.32 and $68.14 at the end of this 3-month period.
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RFDI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.325%. 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. The First Trust Exchange-Traded Fund III ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $62.26 and $63.41. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). First Trust Exchange-Traded Fund III 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-offs".
Support, Risk & Stop-loss for First Trust Exchange-Traded Fund III ETF
First Trust Exchange-Traded Fund III finds support from accumulated volume at $61.47 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 $0.420 between high and low, or 0.682%. For the last week the ETF has had daily average volatility of 0.789%.
First Trust Exchange-Traded Fund III is oversold on RSI14 (24). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $58.34 (-5.40%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (RFDI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF to open at $61.76, and during the day (based on 14 day Average True Range), to move between $61.14 and $62.20, which gives a possible trading interval of +/-$0.527 (+/-0.85%) up or down from last closing price. If First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.81 (0.23%) than the support at $61.47 (0.32%), 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 Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF ETF A Buy?
First Trust Exchange-Traded Fund III holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.276 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$61.76 ( 0.151%) | $61.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFDI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62.18 | 0.83 % | |
R2 | 62.02 | 0.572 % | ||
R1 | 61.92 | 0.412 % | ||
Current price: | 61.67 | |||
Support | S1 | 61.60 | -0.109 % | |
S2 | 61.50 | -0.270 % | ||
S3 | 61.34 | -0.530 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.92 | 3.66 % | |
R2 | 62.30 | 1.02 % | ||
R1 | 61.81 | 0.227 % | ||
Current price | 61.67 | |||
Support | S1 | 61.47 | -0.324% | |
S2 | 61.27 | -0.649% | ||
S3 | 60.55 | -1.82% |
RFDI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.257 | 0.400% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.157 | 0.257% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.168 | 0.302% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $1.16 | 2.03% |
5 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.541 | 1.02% |
FAQ
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