First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF Stock Analysis
Technical stock analysis for 22 January 2019
First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF fell by -0.90% in the last day from $55.94 to $55.43 The price has been going up and down for this period, and there has been a 3.01% gain for the last 2 weeks. Volume has increased in the last day by 7 203 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 15 143 shares bought and sold for approximately $839 376.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the RFEU stock was $55.43. This is 0.9% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 0.31% from a day low at $55.41 to a day high of $55.58.
30 day high of the RFEU stock price was $55.98 and low was $50.33.
90 day high was $58.66 and low was $50.33.
52 week high for the First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF - $70.58 and low - $50.33.
First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $55.87 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.51% during the next 3 months and, with 90% probability hold a price between $46.11 and $52.23 at the end of this period.
First Trust Exchange-Traded Fund III RiverFront Dynamic Europe 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 $55.21 and $53.68. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF 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-off's".
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
First Trust Exchange-Traded Fund III RiverFront Dynamic Europe ETF finds support from accumulated volume at $55.11.
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 $0.17 (0.31%) between high and low. For the last week, the stock has had a daily average volatility of 0.56%.
Our recommended stoploss: $53.58 (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
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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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.