RDVY Forecast


Bullish Case: With strong historical returns and institutional backing, RDVY may benefit from increasing market confidence and economic growth, driving prices above $60. High implied volatility suggests anticipation of positive movement.


Bearish Case: If economic conditions worsen, RDVY may face downward pressure, with potential declines to below $50. Rising interest rates could negatively impact dividend-paying stocks, increasing market volatility.


Potential Outcomes:

1. Price increase to $60 (40%);

2. Range-bound trading (30%);

3. Price decline to $50 (20%);

4. Market crash affecting RDVY (10%). These probabilities reflect historical trends and recent volatility patterns.


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July 25, 2024


First Trust Exchange-Traded Fund III - First Trust Rising Dividend Achievers Forecast

RDVY      First Trust Exchange-Traded Fund III - First Trust Rising Dividend Achievers











Correlated Assets

Assets that tend to move strongly with RDVY



VYM Forecast + Options Trading Strategies   VYM  Vanguard High Dividend Yield Indx (0.99)


FAS Forecast + Options Trading Strategies   FAS  Direxion Daily Financial Bull 3x Shares (0.99)


XLI Forecast + Options Trading Strategies   XLI  Industrial Select Sector SPDR (0.99)


IWD Forecast + Options Trading Strategies   IWD  iShares Russell 1000 Value (0.99)


IWR Forecast + Options Trading Strategies   IWR  BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap (0.99)



Uncorrelated Assets

Assets with little price relationship to RDVY



CFLT Forecast + Options Trading Strategies   CFLT  Confluent (-0.0)


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (0.0)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (0.0)


MCD Forecast + Options Trading Strategies   MCD  McDonald's (0.01)


MAN Forecast + Options Trading Strategies   MAN  ManpowerGroup (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RDVY



SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.96)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.97)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.97)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.97)





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