FIRST TRUST RISING DIVIDEND (RDVY) Stock Technical Analysis
NASDAQ:RDVY - Nasdaq - US33738R5063 - ETF - Currency: USD
Taking everything into account, RDVY scores 6 out of 10 in our technical rating. RDVY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, RDVY does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 59.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDVY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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52.18
2 important support areas can be observed.
- A support zone ranging from 59.24 to 59.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.71 to 53.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 60.78 to 61.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 63.50 to 64.38. 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 | 68.27 | NEUTRAL | RDVY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDVY is below a declining 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) | 52.35 | NEUTRAL | The RSI value for RDVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RDVY has a negative trend. |
| Stochastics (14,3) | 69.46 | NEUTRAL | The Stochastics value for RDVY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for RDVY suggests low volalility. |
| Average Directional Index/ADX (14) | 16.66 | 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 |
|---|---|---|---|
| 61.05 | 59.67 | 1.39 (2.28%) | 25.00% |
| An entry @61.05. This is a Buy Stop order right above the 10 day moving average. | An exit @59.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.39 points, which is 2.28%. | For a 0.57% 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.
NASDAQ:RDVY (6/13/2025, 8:00:02 PM)
60.52
-0.89 (-1.45%)