First Trust Developed International Equity Select ETF Forecast and Stock Analysis
Technical RNDM stock analysis for March 26, 2019.
First Trust Developed International Equity Select ETF gained 0.37% in the last trading day, rising from $49.17 to $49.35 , and has now gained 3 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. The price has risen in 8 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume fell in the last day by -3 485 shares, and in total, 958 shares bought and sold for approximately $47 277.30. 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 (Tuesday, 26th Mar 2019) of the RNDM stock was $49.35. This is 0.37% more than the trading day before Monday, 25th Mar 2019.
During day the stock fluctuated 0.55% from a day low at $49.32 to a day high of $49.59.
30 day high of the RNDM stock price was $50.36 and low was $48.60.
90 day high was $50.36 and low was $44.00.
52 week high for the First Trust Developed International Equity Select ETF - $52.81 and low - $44.00.
First Trust Developed International Equity Select ETF lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $49.31 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.9% during the next 3 months and, with 90% probability hold a price between $54.20 and $56.25 at the end of this period.
First Trust Developed International Equity Select ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $49.77. On a fall, the stock will find some support from the long-term average at approximately $49.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday March 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $45.87 and $44.77.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Trust Developed International Equity Select ETF finds support just below today's level at $45.87. If this is broken, then the next support from accumulated volume will be at $44.77 and $44.43.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $46.67 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, 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.