First Trust Emerging Markets Equity ETF Forecast

$51.78
+0.245 (+0.475%)
At Close: Mar 27, 2024

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RNEM
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Green day on Wednesday for First Trust Emerging Markets Equity ETF after gaining 0.475%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 2.48% PDF

The First Trust Emerging Markets Equity ETF price gained 0.475% on the last trading day (Wednesday, 27th Mar 2024), rising from $51.53 to $51.78. It 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. During the last trading day the ETF fluctuated 0.250% from a day low at $51.65 to a day high of $51.78. The price has risen in 6 of the last 10 days but is still down by -0.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 116 more shares were traded than the day before. In total, 848 shares were bought and sold for approximately $43.91 thousand.

The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.38% during the next 3 months and, with a 90% probability hold a price between $52.18 and $54.43 at the end of this 3-month period.

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RNEM Signals & Forecast

The First Trust Emerging Markets Equity ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $51.53 and $51.35. A breakdown below any of these levels will issue sell signals. First Trust Emerging Markets Equity has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -0.375%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First Trust Emerging Markets Equity ETF

First Trust Emerging Markets Equity finds support from accumulated volume at $51.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.129 between high and low, or 0.250%. For the last week the ETF has had daily average volatility of 0.345%.

Our recommended stop-loss: $49.67 (-4.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (RNEM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Trust Emerging Markets Equity Select ETF to open at $51.73, and during the day (based on 14 day Average True Range), to move between $51.44 and $52.11, which gives a possible trading interval of +/-$0.337 (+/-0.65%) up or down from last closing price. If First Trust Emerging Markets Equity Select ETF takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.73 (0.09%) than the resistance at $51.83 (0.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Trust Emerging Markets Equity Select ETF ETF A Buy?

First Trust Emerging Markets Equity holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.929 Hold/Accumulate Unchanged

Predicted Opening Price for First Trust Emerging Markets Equity Select ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$51.73 ( 0.0831%) $51.78

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RNEM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 51.86 0.166 %
R2 51.81 0.0709 %
R1 51.78 0.0121 %
Current price: 51.78
Support S1 51.68 -0.178 %
S2 51.65 -0.237 %
S3 51.60 -0.332 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 51.88 0.211 %
R2 51.86 0.164 %
R1 51.83 0.102 %
Current price 51.78
Support S1 51.73 -0.0869%
S2 51.66 -0.222%
S3 50.98 -1.54%

RNEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.0623 0.121%
2 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.605 1.26%
3 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.174 0.358%
4 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.0540 0.127%
5 Sep 22, 2022 Sep 23, 2022 Sep 30, 2022 $0.90 2.28%

FAQ

What is the symbol for First Trust Emerging Markets Equity Select ETF ETF and on which exchange is it traded?
The symbol for First Trust Emerging Markets Equity Select ETF is RNEM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust Emerging Markets Equity Select ETF ETF?
First Trust Emerging Markets Equity holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy First Trust Emerging Markets Equity Select ETF ETF?
First Trust Emerging Markets Equity Select ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust Emerging Markets Equity Select ETF ETF.

What's the current price of First Trust Emerging Markets Equity Select ETF ETF?
As of the end of day on the 2024-03-27, the price of an First Trust Emerging Markets Equity Select ETF (RNEM) share was $51.78.

What is the 52-week high and low for First Trust Emerging Markets Equity Select ETF ETF?
The 52-week high for First Trust Emerging Markets Equity Select ETF ETF is $53.65 and the 52-week low is $43.99.

What is the market capitalization of First Trust Emerging Markets Equity Select ETF ETF?
As of the 2024-03-27, the market capitalization of First Trust Emerging Markets Equity Select ETF is 35.768M.
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