FT Vest Rising Dividend Achievers Target Income ETF (RDVI)

FT Vest Rising Dividend Achievers Target Income ETF is trading at $29.70, down 0.59% on the session. The 50 day average sits at $29.00 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 67.9, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $29.72 with resistance near $30.03, so that band frames the current range. Average daily movement is roughly $0.26, or about 0.9% of the share price, which is what any stop placement has to allow for. The overall health score of 77 out of 100 combines a trend score of 72, momentum of 78 and a risk score of 84.

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying securities and/or investments that provide exposure to dividend-paying securities. In furtherance of its objectives, the adviser seeks to make distributions from stock dividends and option premiums at an annual rate that is approximately 8.0% over the current annual dividend yield of the S&P 500 ® Index. The fund is non-diversified.