First Trust Developed International Equity Select ETF Forecast and Stock Analysis
Technical RNDM stock analysis for Wednesday June 19, 2019.
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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
First Trust Developed International Equity Select ETF finds support from accumulated volume at $50.39.
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
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.
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