First Trust RiverFront Dynamic Emerging Markets ETF Forecast and Stock Analysis
Technical RFEM stock analysis for Friday June 14, 2019.
First Trust RiverFront Dynamic Emerging Markets ETF fell by -1.88% in the last day ( Friday, 14th Jun 2019 ) from $60.09 to $58.96 During day the stock fluctuated 0.63% from a day low at $58.95 to a day high of $59.32. The price has risen in 6 of the last 10 days and is up by 0.38% 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 -277 shares and in total 1 704 shares bought and sold for approximately $100 468.00.
- 30 day high of the RFEM stock price was $60.91 and low was $57.27.
- 90 day high was $65.14 and low was $57.27.
- 52 week high for the First Trust RiverFront Dynamic Emerging Markets ETF - $70.50 and low - $54.05.
First Trust RiverFront Dynamic Emerging Markets ETF lies in the middle of a 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 -9.40% during the next 3 months and, with 90% probability hold a price between $50.57 and $54.91 at the end of this period.
There are few to none technical positive signals at the moment. First Trust RiverFront Dynamic Emerging Markets ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $59.79 and $59.84. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 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)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
First Trust RiverFront Dynamic Emerging Markets ETF finds support from accumulated volume at $58.74.
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.
0.40 %Average volatility
Very Low Low Medium High Very High
First Trust RiverFront Dynamic Emerging Markets ETF holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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