RNEM NEWS why is First Trust Emerging Markets Equity Select Etf price falling or rising

RNEM NEWS reasons for why stock price of First Trust Emerging Markets Equity Select Etf is falling or rising

RNEM First Trust is falling or rising technical reasons

Technical analysis forecast for First Trust Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT First Trust RNEM at this time. Stock is falling and might fall more.

It appears as if First Trust RNEM gave a large move recently.

Stock of First Trust (RNEM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of First Trust is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.4 as stoploss in an intra day buy trade for a target of 54.1. However, stock will show a bearish move below 53.4.

RNEM First Trust is falling or rising NEWS fundamental reasons

More announcements and NEWS

RNEM First Trust Emerging Markets Equity Select Etf current price & indicator signals

Moving Averages for First Trust Emerging Markets Equity Select Etf

  • 5Day Average: 53.71
  • 12Day Average: 54.18
  • 20Day Average: 54.55
  • 50Day Average: 53.72
  • 100Day Average: 53.06
  • 150Day Average: 52.7
  • 200Day Average: 52.23

RNEM Indicators & signals

Indicator MACD (12,26,9)

54, 54.06, 0.16
Indicator MACD is in negative zone

Indicator ADX (14)

21.05, 30.61, 46.94
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RNEM First Trust Emerging Markets Equity Select Etf are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Thu Oct 2024 53.42 53.32 to 53.47 -0.61% 0.38 times
16 Wed Oct 2024 53.75 53.49 to 53.75 0.79% 1.52 times
15 Tue Oct 2024 53.33 53.33 to 53.62 -1.13% 1.27 times
14 Mon Oct 2024 53.94 53.94 to 53.94 -0.31% 0.13 times
11 Fri Oct 2024 54.11 54.11 to 54.26 0.09% 0.63 times
10 Thu Oct 2024 54.06 54.05 to 54.15 0.8% 0.38 times
09 Wed Oct 2024 53.63 53.63 to 53.88 -0.72% 1.14 times
08 Tue Oct 2024 54.02 53.62 to 54.02 -2.17% 0.63 times
07 Mon Oct 2024 55.22 55.00 to 55.22 0.8% 3.67 times
04 Fri Oct 2024 54.78 54.78 to 54.78 0.74% 0.38 times
03 Thu Oct 2024 54.38 54.29 to 54.38 -1.98% 0.25 times
02 Wed Oct 2024 55.48 55.48 to 55.48 0.53% 0.13 times

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RNEM NEWS why is First Trust Emerging Markets Equity Select Etf price falling or rising

 

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