Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 19, 2019 Change 0.22% Price $50.50
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will RNDM stock price go up or down on Fri, 21 Jun 2019?

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First Trust Developed International Equity Select ETF Forecast and Stock Analysis

Technical RNDM stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-18 Gain 0.22%


First Trust Developed International Equity Select ETF gained 0.22% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $50.39 to $50.50 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 0.10% from a day low at $50.45 to a day high of $50.50. The price has risen in 7 of the last 10 days and is up by 1.96% over the past 2 weeks. Volume fell in the last day by -26 350 shares, and in total, 1 058 shares bought and sold for approximately $53 428.20. 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.

Quick summary:

  • 30 day high of the RNDM stock price was $50.50 and low was $48.83.
  • 90 day high was $50.59 and low was $48.83.
  • 52 week high for the First Trust Developed International Equity Select ETF - $51.22 and low - $44.00.

Trend

First Trust Developed International Equity Select ETF is at the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $50.50 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect First Trust Developed International Equity Select ETF with 90% probability to be traded between $48.67 and $50.34 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.

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Signals

First Trust Developed International Equity Select 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 $50.16 and $49.78. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 31, 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

First Trust Developed International Equity Select ETF finds support from accumulated volume at $50.39.

Support: $50.39 Price: $50.50 Resistance: $50.57

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $48.08 (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)

0.32 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Will RNDM stock price go up or down on Fri, 21 Jun 2019?

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