First Trust Small Cap US Equity Select ETF Forecast and Stock Analysis
Technical RNSC stock analysis for March 19, 2019.
No changes to the price of First Trust Small Cap US Equity Select ETF in the last trading day. The price has been going up and down for this period, and there has been a -1.46% loss for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the RNSC stock was $21.12.
During day the stock fluctuated 0.00% from a day low at $21.12 to a day high of $21.12.
30 day high of the RNSC stock price was $22.01 and low was $20.82.
90 day high was $22.01 and low was $17.64.
52 week high for the First Trust Small Cap US Equity Select ETF - $23.70 and low - $17.64.
First Trust Small Cap US Equity Select ETF lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $20.87 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 15.59% during the next 3 months and, with 90% probability hold a price between $24.12 and $26.41 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday March 07, 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 Small Cap US Equity Select ETF holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $21.21. On a fall, the stock will find some support from the short-term average at $21.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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)
RSI14 is 30 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 $18.91 and $18.28.
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 Small Cap US Equity Select ETF finds support just below today's level at $18.91. If this is broken, then the next support from accumulated volume will be at $18.28 and $17.89.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $19.78 (-6.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
Very Low Low Medium High Very High
First Trust Small Cap US Equity Select ETF holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.