Technical Analysis for DALI - First Trust DorseyWright DALI 1 ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 23.50 | 1.25% | 0.29 |
DALI closed up 1.25 percent on Monday, May 6, 2024, on 29 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Crossed Above 20 DMA | Bullish | 1.25% | |
| Gapped Up | Strength | 1.25% | |
| Morning Star | Bullish | 2.62% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 10 hours ago |
| Up 1% | about 10 hours ago |
| Possible NR7 | about 10 hours ago |
| Gapped Up (Full) | about 14 hours ago |
| Rose Above Previous Day's High | about 14 hours ago |
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Basic chart:
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Nasdaq Dorsey Wright DALI 1 Index.
Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index has been designed based upon the principle that the asset class exhibiting the highest levels of "relative strength," based on current prices, will be the asset class with the best performance over the near term. It is non-diversified.
Keywords: Exchange Traded Fund ETF Asset Classes Relative Strength
Classification
Keywords: Exchange Traded Fund ETF Asset Classes Relative Strength
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 27.1533 |
| 52 Week Low | 21.1496 |
| Average Volume | 20,647 |
| 200-Day Moving Average | 23.52 |
| 50-Day Moving Average | 23.37 |
| 20-Day Moving Average | 22.93 |
| 10-Day Moving Average | 22.95 |
| Average True Range | 0.33 |
| RSI (14) | 57.08 |
| ADX | 12.72 |
| +DI | 34.70 |
| -DI | 26.69 |
| Chandelier Exit (Long, 3 ATRs) | 22.85 |
| Chandelier Exit (Short, 3 ATRs) | 23.10 |
| Upper Bollinger Bands | 23.79 |
| Lower Bollinger Band | 22.06 |
| Percent B (%b) | 0.83 |
| BandWidth | 7.54 |
| MACD Line | -0.07 |
| MACD Signal Line | -0.15 |
| MACD Histogram | 0.0823 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 23.64 | ||||
| Resistance 3 (R3) | 23.63 | 23.56 | 23.62 | ||
| Resistance 2 (R2) | 23.56 | 23.53 | 23.57 | 23.61 | |
| Resistance 1 (R1) | 23.53 | 23.51 | 23.55 | 23.55 | 23.60 |
| Pivot Point | 23.47 | 23.47 | 23.48 | 23.48 | 23.47 |
| Support 1 (S1) | 23.44 | 23.43 | 23.45 | 23.45 | 23.40 |
| Support 2 (S2) | 23.37 | 23.41 | 23.38 | 23.39 | |
| Support 3 (S3) | 23.34 | 23.37 | 23.38 | ||
| Support 4 (S4) | 23.36 |
