Taking everything into account, RDVY scores 7 out of 10 in our technical rating. 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.
RDVY has an excellent technical rating, but the quality of the setup is only medium 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.
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52.86
2 important support areas can be observed.
- A support zone ranging from 64.60 to 68.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.39 to 53.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.28 to 69.28. This zone is formed by a combination of multiple trend lines 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 | 68.69 | 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) | 64.47 | NEUTRAL | The RSI value for RDVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests RDVY has a positive trend. |
| Stochastics (14,3) | 95.59 | OVERBOUGHT | The high Stochastics value suggests RDVY may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for RDVY suggests low volalility. |
| Average Directional Index/ADX (14) | 16.45 | NEGATIVE | The low ADX value for RDVY suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 69.29 | 65.25 | 4.04 (5.83%) | 17.15% |
| An entry @69.29. This is a Buy Stop order right above the resistance zone. | An exit @65.25. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.04 points, which is 5.83%. | For a 1.00% total portfolio risk, you can invest 17.15% 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.
69.27
+0.11 (+0.16%)
FIRST TRUST RISING DIVIDEND / RDVY FAQ
Can you provide the ChartMill technical rating for FIRST TRUST RISING DIVIDEND?
ChartMill assigns a technical rating of 7 / 10 to RDVY.
What is the trend direction for RDVY stock?
The current trend direction for FIRST TRUST RISING DIVIDEND (RDVY) is Bullish.
What is the RSI signal for FIRST TRUST RISING DIVIDEND (RDVY) stock?
FIRST TRUST RISING DIVIDEND (RDVY) has an RSI value of 64.4689. This indicates that the stock is currently neutral.
What is the MACD signal for FIRST TRUST RISING DIVIDEND (RDVY) stock?
The MACD indicator for FIRST TRUST RISING DIVIDEND (RDVY) has a value of 0.2768, indicating a bearish trend.
What is the short term momentum for RDVY stock?
The short term momentum for FIRST TRUST RISING DIVIDEND (RDVY) is positive.