First Trust Exchange-Traded Fund III 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
Stronger technical forecast for First Trust Exchange-Traded Fund III ETF price after Wednesday trading.
(Updated on Mar 27, 2024)
The First Trust Exchange-Traded Fund III ETF price gained 0.784% on the last trading day (Wednesday, 27th Mar 2024), rising from $63.79 to $64.29. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.469% from a day low at $63.99 to a day high of $64.29. The price has risen in 7 of the last 10 days and is up by 0.6% over the past 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, 3 thousand shares were bought and sold for approximately $222.83 thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $64.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.12% during the next 3 months and, with a 90% probability hold a price between $66.03 and $68.57 at the end of this 3-month period.
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RFDI Signals & Forecast
The First Trust Exchange-Traded Fund III 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 $63.91 and $62.80. A breakdown below any of these levels will issue sell signals. First Trust Exchange-Traded Fund III 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. 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 Wednesday, March 20, 2024, and so far it has fallen -0.0311%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First Trust Exchange-Traded Fund III ETF
First Trust Exchange-Traded Fund III finds support from accumulated volume at $63.92 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 $0.300 between high and low, or 0.469%. For the last week the ETF has had daily average volatility of 0.232%.
Our recommended stop-loss: $61.75 (-3.95%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (RFDI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF to open at $64.19, and during the day (based on 14 day Average True Range), to move between $63.92 and $64.66, which gives a possible trading interval of +/-$0.372 (+/-0.58%) 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 1.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.31 (0.03%) than the support at $63.92 (0.57%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Exchange-Traded Fund III ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.063 Buy Candidate Upgraded
Predicted Opening Price for First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$64.19 ( 0.156%) | $64.29 |
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 | 64.49 | 0.311 % | |
R2 | 64.38 | 0.133 % | ||
R1 | 64.30 | 0.0227 % | ||
Current price: | 64.29 | |||
Support | S1 | 64.08 | -0.334 % | |
S2 | 64.00 | -0.444 % | ||
S3 | 63.89 | -0.622 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 64.31 | 0.0311 % | ||
Current price | 64.29 | |||
Support | S1 | 63.92 | -0.568% | |
S2 | 61.81 | -3.86% | ||
S3 | 60.55 | -5.82% |
RFDI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.257 | 0.401% |
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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