FIRST TRST DYN DEVEL INT ETF (RFDI) Stock Technical Analysis
NASDAQ:RFDI - Nasdaq - US33739P6088 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to RFDI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RFDI is only an average performer.
RFDI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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59.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 70.91 to 71.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.79 to 62.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @60.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 72.67 to 73.36. 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 RFDI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RFDI is up. |
| ChartMill Relative Strength | 61.66 | NEUTRAL | RFDI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RFDI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RFDI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RFDI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.68 | NEUTRAL | The RSI value for RFDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RFDI has a negative trend. |
| Stochastics (14,3) | 85.96 | OVERBOUGHT | The high Stochastics value suggests RFDI may be overbought. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for RFDI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.08 | NEGATIVE | The low ADX value for RFDI 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 |
|---|---|---|---|
| 73.37 | 71.87 | 1.50 (2.05%) | 25.00% |
| An entry @73.37. This is a Buy Stop order right above the resistance zone. | An exit @71.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.50 points, which is 2.05%. | For a 0.51% 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:RFDI (7/11/2025, 8:00:02 PM)
72.65
-0.7 (-0.95%)