Stop-loss, Support and Resistance

Today RNDM ranks # as SELL CANDIDATE.
Today RNDM ranks # as SELL CANDIDATE.

RNDM stock First Trust Developed International Equity Select ETF

RNDM stock
First Trust Developed International Equity Select ETF

We hold a sell evaluation for this stock. No stop-loss set. Risk:
Low

Fibonacci

Level Price
R3 47.18
R2 47.07
R1 47.01
S1 46.79
S2 46.72
S3 46.61

Support & Resistance

Level Price Chg %
R3 47.58 1.67%
R2 47.04 0.51%
R1 46.81 0.03%
S1 46.67 -0.28%
S2 45.87 -1.99%
S3 44.43 -5.06%

Pivot:

Accumulated volume: $46.90

About Support and resistance

There are many factors used to determine support and resistance. The most common are:

  • Trend
  • Moving averages
  • Round numbers
  • Previous tops and bottoms
  • Accumulated volume

You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression. Any support or resistance is weakened or strengthened by divergence in volume. If price is falling on high volume support levels may be broken easier. The same if price is rising on low volume, the resistance may be harder to break.

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