Thursday May 23, 2019 Change -1.90% Price $21.74
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will RNLC stock price go up or down on Tue, 28 May 2019?

Predict

First Trust Large Cap US Equity Select ETF Forecast and Stock Analysis

Technical RNLC stock analysis for Thursday May 23, 2019.

Sell candidate since 2019-05-17 Loss -2.12%
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 0.72
ROA 7.97%
Price to book USD 2.76
P/E Ratio n/a
Next Earnings Date n/a


First Trust Large Cap US Equity Select ETF fell by -1.90% in the last day ( Thursday, 23rd May 2019 ) from $22.16 to $21.74 and has now fallen 3 days in a row. During day the stock fluctuated 1.48% from a day low at $21.72 to a day high of $22.04. The price has fallen in 6 of the last 10 days and is down by -2.87% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -2 056 shares and in total 2 388 shares bought and sold for approximately $51 910.30.

Quick summary:

  • 30 day high of the RNLC stock price was $23.00 and low was $21.72.
  • 90 day high was $23.00 and low was $21.37.
  • 52 week high for the First Trust Large Cap US Equity Select ETF - $23.27 and low - $17.97.

Trend

First Trust Large Cap US Equity 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 $21.95. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. First Trust Large Cap US Equity 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 $22.13 and $22.55. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Monday May 13, 2019 and based on theory for this formation the price should go up by 1.55% to $23.35 within 34 trading days since signal was issued (Monday July 01, 2019).

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 27 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

First Trust Large Cap US Equity Select ETF finds support from accumulated volume at $21.69.

Support: $21.69 Price: $21.74 Resistance: $21.97

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

First Trust Large Cap US Equity Select ETF is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

0.67 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

The First Trust Large Cap US Equity Select ETF stock holds several negative signals and despite the positive trend we believe First Trust Large Cap US Equity Select ETF will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate Downgraded

Will RNLC stock price go up or down
on Tue, 28 May 2019?

Predict

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