FIRST TRUST RISING DIVIDEND (RDVY) Stock Technical Analysis
NASDAQ:RDVY - Nasdaq - US33738R5063 - ETF - Currency: USD
Overall RDVY gets a technical rating of 8 out of 10. Although RDVY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
RDVY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RDVY is lagging the market slightly.
In the last month RDVY has a been trading in the 60.30 - 63.95 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
RDVY has an average volume of 1022660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RDVY outperforms 66% of them, which is more or less in line with the market.
Although RDVY has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
52.86
65.02
When analyzing the support we can see 4 important areas.
- A support zone ranging from 61.23 to 63.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.87 to 59.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @54.58 from a trend line in the weekly time frame.
- Support @53.39 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.17 to 64.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RDVY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDVY is up. |
| ChartMill Relative Strength | 66.18 | NEUTRAL | RDVY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDVY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDVY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDVY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.6 | NEUTRAL | The RSI value for RDVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RDVY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.41 | NEUTRAL | The Stochastics value for RDVY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for RDVY suggests low volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for RDVY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.96 | 61.83 | 2.13 (3.34%) | 25.00% |
| An entry @63.96. This is a Buy Stop order right above the 10 day high. | An exit @61.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.13 points, which is 3.34%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
63.07
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.02%
1 Week-0.33%
2 Weeks-1.11%
1 Month3.96%
3 Month15.41%
6 Month1.43%
12 Month10.82%
2 Year27.21%
3 Year41.95%
5 Year97.9%
10 Year180.19%
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%1.01%
ATR Inc-8.56%
Range Today0.58
ADR(20)0.6
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.18
Mansfield-0.26
10 Day High63.96
10 Day Low61.84
20 Day High63.96
20 Day Low60.3
52 Week High64.63
52 Week Low50.27
CS1 End63.06
CR1 Start63.17
Volume & EV
DER(3)2.19%
DER(5)0.31%
Volume1.16M
Volume Incr10.83%
Vol(5)1.28M
Vol(50)1.02M