Technical Analysis for DVLU - First Trust Dorsey Wright Momentum & Value ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 28.84 | 1.09% | 0.31 |
DVLU closed up 1.09 percent on Monday, May 6, 2024, on 31 percent of normal volume. 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 | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| MACD Bullish Signal Line Cross | Bullish | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 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% | |
| 50 DMA Resistance | Bearish | 1.09% | |
| Crossed Above 20 DMA | Bullish | 1.09% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 5 hours ago |
| Possible NR7 | about 6 hours ago |
| Gapped Up (Full) | about 10 hours ago |
| Rose Above Previous Day's High | about 10 hours ago |
| Rose Above 50 DMA | about 10 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 Dorsey Wright Momentum Plus Value Index (the "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 is a rules-based equity index designed to track the overall performance of the 50 most undervalued stocks comprising the NASDAQ US Large Mid Index that exhibit high levels of "relative strength." The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Index Fund Stock Market Index Dow Jones Industrial Average Index Relative Strength
Classification
Keywords: Exchange Traded Fund ETF Index Fund Stock Market Index Dow Jones Industrial Average Index Relative Strength
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 30.12 |
| 52 Week Low | 20.9581 |
| Average Volume | 3,063 |
| 200-Day Moving Average | 25.20 |
| 50-Day Moving Average | 28.60 |
| 20-Day Moving Average | 28.35 |
| 10-Day Moving Average | 28.31 |
| Average True Range | 0.31 |
| RSI (14) | 56.33 |
| ADX | 18.36 |
| +DI | 36.69 |
| -DI | 31.66 |
| Chandelier Exit (Long, 3 ATRs) | 29.01 |
| Chandelier Exit (Short, 3 ATRs) | 28.73 |
| Upper Bollinger Bands | 29.19 |
| Lower Bollinger Band | 27.51 |
| Percent B (%b) | 0.79 |
| BandWidth | 5.90 |
| MACD Line | -0.08 |
| MACD Signal Line | -0.11 |
| MACD Histogram | 0.0322 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 29.02 | ||||
| Resistance 3 (R3) | 29.00 | 28.92 | 28.99 | ||
| Resistance 2 (R2) | 28.92 | 28.87 | 28.93 | 28.98 | |
| Resistance 1 (R1) | 28.88 | 28.85 | 28.90 | 28.90 | 28.97 |
| Pivot Point | 28.80 | 28.80 | 28.81 | 28.81 | 28.80 |
| Support 1 (S1) | 28.76 | 28.75 | 28.78 | 28.78 | 28.71 |
| Support 2 (S2) | 28.68 | 28.73 | 28.69 | 28.70 | |
| Support 3 (S3) | 28.64 | 28.68 | 28.69 | ||
| Support 4 (S4) | 28.66 |
