RFDI First Trust RiverFront Dyn Dev Intl ETF Forecast, Technical & Fundamental Analysis
RFDI in downward trend: price dove below 50-day moving average on September 15, 2023
RFDI moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RFDI as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for RFDI turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RFDI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RFDI's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
RFDI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 301 cases where RFDI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ForeignLargeBlend
RFDI and
Correlation & Price change
A.I.dvisor indicates that over the last year, RFDI has been closely correlated with IEFA. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if RFDI jumps, then IEFA could also see price increases.
| Ticker / NAME | Correlation To RFDI | 1D Price Change % | ||
|---|---|---|---|---|
| RFDI | 100% | -0.48% | ||
| IEFA - RFDI | 97% Closely correlated | -0.33% | ||
| EFA - RFDI | 97% Closely correlated | -0.29% | ||
| VEA - RFDI | 97% Closely correlated | -0.32% | ||
| VXUS - RFDI | 95% Closely correlated | -0.21% | ||
| VEU - RFDI | 95% Closely correlated | -0.29% |