Stop-loss, Support and Resistance

Previous Hold Today RFDI ranks #3125 as HOLD CANDIDATE. Next Hold
Today RFDI ranks #3125 as HOLD CANDIDATE.

RFDI stock First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF

RFDI stock
First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF

Stop-loss

$52.22

(-4.60%)
This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from pivot bottom found 17 days ago. Risk:
Medium

Fibonacci

Level Price
R3 55.10
R2 54.97
R1 54.88
S1 54.62
S2 54.53
S3 54.40

Support & Resistance

Level Price Chg %
R3 55.85 2.03%
R2 54.76 0.04%
R1 54.75 0.02%
S1 54.64 -0.18%
S2 54.06 -1.24%
S3 50.99 -6.85%

Pivot:

Accumulated volume: $54.75

About Support and resistance

There are many factors used to determine support and resistance. The most common are:

  • Trend
  • Moving averages
  • Round numbers
  • Previous tops and bottoms
  • Accumulated volume

You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression. Any support or resistance is weakened or strengthened by divergence in volume. If price is falling on high volume support levels may be broken easier. The same if price is rising on low volume, the resistance may be harder to break.

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