RFEM First Trust RiverFront Dyn Em Mkts ETF Forecast, Technical & Fundamental Analysis
RFEM in upward trend: price rose above 50-day moving average on November 02, 2023
RFEM moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend. In of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on RFEM as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for RFEM just turned positive on November 01, 2023. Looking at past instances where RFEM's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for RFEM crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RFEM advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 297 cases where RFEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for RFEM moved out of overbought territory on November 29, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RFEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RFEM broke above its upper Bollinger Band on November 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
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 DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ATGYX | 43.52 | 0.42 | +0.97% |
| Aquila Opportunity Growth Y | |||
| MSHPX | 13.10 | 0.08 | +0.61% |
| Morgan Stanley Inst Permanence R6 | |||
| FCVTX | 16.56 | 0.06 | +0.36% |
| Fidelity Advisor® Small Cap Value M | |||
| LAIDX | 7.40 | -0.01 | -0.13% |
| Lord Abbett International Value I | |||
| MUEVX | 31.51 | -0.06 | -0.19% |
| MFS Blended Research Core Equity R6 | |||
RFEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, RFEM has been closely correlated with EMXC. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if RFEM jumps, then EMXC could also see price increases.
| Ticker / NAME | Correlation To RFEM | 1D Price Change % | ||
|---|---|---|---|---|
| RFEM | 100% | -0.33% | ||
| EMXC - RFEM | 95% Closely correlated | -0.13% | ||
| IEMG - RFEM | 93% Closely correlated | -0.58% | ||
| EEM - RFEM | 92% Closely correlated | -0.58% | ||
| SPEM - RFEM | 91% Closely correlated | -0.66% | ||
| SCHE - RFEM | 91% Closely correlated | -0.64% | ||
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