First Trust RiverFront Dynamic Emerging Markets ETF Stock Analysis
Technical stock analysis for 23 January 2019
First Trust RiverFront Dynamic Emerging Markets ETF gained 1.53% in the last trading day, rising from $58.10 to $58.99 The price has risen in 7 of the last 10 days and is up by 4.33% over the past 2 weeks. Volume fell in the last day by -10 019 shares, and in total, 9 532 shares bought and sold for approximately $562 300.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the RFEM stock was $58.99. This is 1.53% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 0.60% from a day low at $58.67 to a day high of $59.02.
30 day high of the RFEM stock price was $59.30 and low was $54.46.
90 day high was $60.12 and low was $54.05.
52 week high for the First Trust RiverFront Dynamic Emerging Markets ETF - $79.04 and low - $54.05.
Given the current horizontal trend you can expect First Trust RiverFront Dynamic Emerging Markets ETF with 90% probability to be traded between $54.85 and $60.54 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
First Trust RiverFront Dynamic Emerging Markets ETF holds buy signals from both short- and long-term moving averages. In addition, 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 $58.40 and $56.98. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 22, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 66 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 $58.21.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $56.12 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
First Trust RiverFront Dynamic Emerging Markets ETF holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.