Previous Hold Today RFEU ranks #2479 as HOLD CANDIDATE #2479 Next Hold

RFEU stock forecast First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF

RFEU stock forecast

Tuesday May 21, 2019 Change 0.58% Price $58.55
Chart period: 2019-02-22 - 2019-05-21
VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will RFEU stock price go up or down on Thu, 23 May 2019?

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First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF Forecast and Stock Analysis

Technical RFEU stock analysis for Tuesday May 21, 2019.

Hold candidate since 2019-05-21
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 0.79
ROA 8.15%
Price to book USD 2.22
P/E Ratio n/a
Next Earnings Date n/a


First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF gained 0.58% in the last trading day ( Tuesday, 21st May 2019 ), rising from $58.21 to $58.55 During day the stock fluctuated 0.21% from a day low at $58.47 to a day high of $58.60. The price has risen in 6 of the last 10 days and is up by 0.02% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2 663 more shares were traded than the day before. In total, 3 114 shares bought and sold for approximately $182 325.00.

Quick summary:

  • 30 day high of the RFEU stock price was $60.90 and low was $57.49.
  • 90 day high was $61.09 and low was $57.21.
  • 52 week high for the First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF - $67.57 and low - $50.33.

Trend

Given the current horizontal trend you can expect First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF with 90% probability to be traded between $58.65 and $62.58 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.

Click here for today's Top 5 Trending Companies

Signals

First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF has rising 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. First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $59.77. On a fall, the stock will find some support from the short-term average at $58.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF finds support from accumulated volume at $58.44.

Support: $58.44 Price: $58.55 Resistance: $59.32

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.12 (0.21%) between high and low. For the last week, the stock has had a daily average volatility of 0.34%.

Our recommended stoploss: $55.80 (-4.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

0.34 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded
Previous Hold Today RFEU ranks #2479 as HOLD CANDIDATE #2479 Next Hold

Will RFEU stock price go up or down
on Thu, 23 May 2019?

Predict

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