RNDV Forecast and Technical Stock Analysis
Sell candidate since 2019-08-12 Loss -1.71%
No changes to the price of First Trust US Equity Dividend Select ETF in the last trading day ( Friday, 16th Aug 2019 ). During the day the stock fluctuated 0.00% from a day low at $20.67 to a day high of $20.67. The price has been going up and down for this period, and there has been a -4.66% loss for the last 2 weeks.
- 30 day high of the RNDV stock price was $22.66 and low was $20.67.
- 90 day high was $22.66 and low was $20.60.
- 52 week high for First Trust US Equity Dividend Select ETF - $22.82 and low - $18.38.
First Trust US Equity Dividend Select ETF has broken the weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $20.68. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Thursday August 15, 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. First Trust US Equity Dividend Select ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $21.07 and $21.87. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
The stock currently holds a RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
First Trust US Equity Dividend Select ETF finds support from accumulated volume at $20.64.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.22%.
First Trust US Equity Dividend Select ETF is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.22 %Average volatility
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The First Trust US Equity Dividend Select ETF stock holds several negative signals and despite the positive trend we believe First Trust US Equity Dividend Select ETF will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!