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(RNEM) First Trust complete technical analysis [charts+indicators] | Buy/Sell First Trust | (RNEM) share price targets

Complete technical analysis of First Trust (RNEM) by charts plus indicators, forecast predictions and share price targets for First Trust (RNEM)

First Trust trades in USA in N A sector.

Showing technical analysis as on 2024-10-16 View latest technical analysis

10 day averaged volume of First Trust is 680

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	53.75	53.49	53.75	53.49	1.765 times
15 Tue Oct 2024	53.33	53.62	53.62	53.33	1.471 times
14 Mon Oct 2024	53.94	53.94	53.94	53.94	0.147 times
11 Fri Oct 2024	54.11	54.21	54.26	54.11	0.735 times
10 Thu Oct 2024	54.06	54.05	54.15	54.05	0.441 times
09 Wed Oct 2024	53.63	53.88	53.88	53.63	1.324 times
08 Tue Oct 2024	54.02	53.86	54.02	53.62	0.735 times
07 Mon Oct 2024	55.22	55.00	55.22	55.00	4.265 times
04 Fri Oct 2024	54.78	54.78	54.78	54.78	0.441 times
03 Thu Oct 2024	54.38	54.29	54.38	54.29	0.294 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53.9, but if it comes above 53.9, then a intra day buy could be more profitable.
If you take a sell trade below 53.9, then use 53.9 as stoploss and 53.1 as target. However if you take a buy trade in stock , then use 53.9 as stoploss and 54.59 as target.

Share price targets for First Trust (RNEM)

Target Type	Value
Downside Target	50.68
Downside Target	52.25
Upside Target	54.00
Upside Target	54.25
Upside Target	54.29
Upside Target	54.59
Upside Target	55.22
Upside Target	55.48
Upside Target	55.70

Intraday share price targets for First Trust (RNEM)

Target Type	Value
Downside Intraday Target	53.41
Downside Intraday Target	53.06
Upside Intraday Target	54.02
Upside Intraday Target	54.28
Downside Intraday Target	53.67

Weekly technical analysis of First Trust (RNEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	53.75	53.94	53.94	53.33	0.451 times
11 Fri Oct 2024	54.11	55.00	55.22	53.62	0.323 times
04 Fri Oct 2024	54.78	55.22	55.48	54.29	6.87 times
27 Fri Sep 2024	55.49	54.75	55.70	54.59	0.397 times
20 Fri Sep 2024	54.24	53.69	54.25	53.50	2.522 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of First Trust (RNEM)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	53.75	55.19	55.48	53.33	0.127 times
30 Mon Sep 2024	55.14	52.88	55.70	52.25	3.155 times
30 Fri Aug 2024	53.37	52.55	53.87	50.68	0.348 times
31 Wed Jul 2024	52.91	52.57	54.00	52.25	0.861 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of First Trust (RNEM)

Price action analysis of First Trust ( (RNEM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of First Trust ( (RNEM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of First Trust ( (RNEM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of First Trust ( (RNEM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for First Trust stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for First Trust in short term but the sell signal is initial and weak.

First Trust Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for First Trust in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of First Trust is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.33 and First Trust (RNEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the First Trust (RNEM) stock. Volume based technical analysis of First Trust (RNEM) stock is negative.

First Trust Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.