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
Red day on Wednesday for First Trust Exchange-Traded Fund III
(Updated on Apr 24, 2024)
The First Trust Exchange-Traded Fund III ETF price fell by -0.396% on the last day (Wednesday, 24th Apr 2024) from $63.06 to $62.81. During the last trading day the ETF fluctuated 0.303% from a day low at $62.72 to a day high of $62.91. The price has been going up and down for this period, and there has been a -0.6% loss for the last 2 weeks. Volume has increased on the last day by 935 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, 3 thousand shares were bought and sold for approximately $187.36 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.33% during the next 3 months and, with a 90% probability hold a price between $63.73 and $67.29 at the end of this 3-month period.
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RFDI Signals & Forecast
There are mixed signals in the ETF today. The First Trust Exchange-Traded Fund III ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $63.38. On a fall, the ETF will find some support from the short-term average at $62.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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". A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.18%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for First Trust Exchange-Traded Fund III ETF
First Trust Exchange-Traded Fund III finds support from accumulated volume at $61.81 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 $0.190 between high and low, or 0.303%. For the last week the ETF has had daily average volatility of 0.536%.
Our recommended stop-loss: $59.94 (-4.57%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (RFDI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF to open at $62.81, and during the day (based on 14 day Average True Range), to move between $62.30 and $63.32, which gives a possible trading interval of +/-$0.515 (+/-0.82%) 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 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $63.70 (1.42%) than the support at $61.81 (1.59%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.084 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Exchange-Traded Fund III RiverFront Dynamic Developed Intl ETF of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$62.81 ( 0.0063%) | $62.81 |
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 | 63.00 | 0.308 % | |
R2 | 62.93 | 0.193 % | ||
R1 | 62.89 | 0.122 % | ||
Current price: | 62.81 | |||
Support | S1 | 62.74 | -0.109 % | |
S2 | 62.70 | -0.180 % | ||
S3 | 62.62 | -0.296 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.31 | 2.39 % | |
R2 | 63.92 | 1.77 % | ||
R1 | 63.70 | 1.42 % | ||
Current price | 62.81 | |||
Support | S1 | 61.81 | -1.59% | |
S2 | 61.47 | -2.13% | ||
S3 | 61.27 | -2.45% |
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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