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RFEM
ETF ticker: NASDAQ
AS OF
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Net Assets
34.1M

RFEM First Trust RiverFront Dyn Em Mkts ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for RFEM with price predictions
07:00 PM EST Nov 28, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), PDD Holdings (NASDAQ:PDD), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), Vale SA (NYSE:VALE).

Industry description

The investment seeks to provide capital appreciation. The fund invests at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of emerging market companies, including through investments in common stock, depositary receipts, and common and preferred shares of real estate investment trusts, and forward foreign currency exchange contracts and currency spot transactions used to hedge the fund's exposure to the currencies in which the equity securities of such emerging market companies are denominated. The fund may invest in small, mid and large capitalization companies.

Market Cap

The average market capitalization across the First Trust RiverFront Dyn Em Mkts ETF ETF is 53.45B. The market cap for tickers in the group ranges from 260.03M to 470.58B. TSM holds the highest valuation in this group at 470.58B. The lowest valued company is ADRO at 260.03M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust RiverFront Dyn Em Mkts ETF ETF was 27%. For the same ETF, the average monthly price growth was 53%, and the average quarterly price growth was 112%. PDD experienced the highest price growth at 21%, while GGB experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the First Trust RiverFront Dyn Em Mkts ETF ETF was -18%. For the same stocks of the ETF, the average monthly volume growth was -9% and the average quarterly volume growth was -21%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 35
P/E Growth Rating: 53
Price Growth Rating: 48
SMR Rating: 48
Profit Risk Rating: 61
Seasonality Score: 19 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
120 East Liberty DriveWheaton, Illinois 60187Wheaton
Phone
(800) 621-1675
Web
www.ftportfolios.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RFEM
1D Price
Change %
RFEM100%
-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%
More