Technical Analysis for GRID - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 116.77 | 1.59% | 1.83 |
GRID closed up 1.59 percent on Monday, May 6, 2024, on 3.37 times normal volume. The bulls were able to push the stock to a new 52-week high. 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 |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 11 hours ago |
| 1.5x Volume Pace | about 11 hours ago |
| 3x Volume Pace | about 11 hours ago |
| Possible Pocket Pivot | about 11 hours ago |
| Up 1 ATR | about 11 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 equity index called the NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM).
The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Stock Market Index Active Management Energy Infrastructure Electric Energy Energy Infrastructure Sector Smart Grid
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Active Management Energy Infrastructure Electric Energy Energy Infrastructure Sector Smart Grid
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 116.9999 |
| 52 Week Low | 84.7334 |
| Average Volume | 51,599 |
| 200-Day Moving Average | 101.46 |
| 50-Day Moving Average | 112.23 |
| 20-Day Moving Average | 112.32 |
| 10-Day Moving Average | 113.31 |
| Average True Range | 1.67 |
| RSI (14) | 64.54 |
| ADX | 15.23 |
| +DI | 36.93 |
| -DI | 23.90 |
| Chandelier Exit (Long, 3 ATRs) | 111.98 |
| Chandelier Exit (Short, 3 ATRs) | 114.15 |
| Upper Bollinger Bands | 116.01 |
| Lower Bollinger Band | 108.64 |
| Percent B (%b) | 1.1 |
| BandWidth | 6.56 |
| MACD Line | 0.71 |
| MACD Signal Line | 0.33 |
| MACD Histogram | 0.3866 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 119.08 | ||||
| Resistance 3 (R3) | 118.90 | 117.95 | 118.69 | ||
| Resistance 2 (R2) | 117.95 | 117.36 | 118.04 | 118.57 | |
| Resistance 1 (R1) | 117.36 | 117.00 | 117.65 | 117.54 | 118.44 |
| Pivot Point | 116.41 | 116.41 | 116.56 | 116.50 | 116.41 |
| Support 1 (S1) | 115.82 | 115.82 | 116.12 | 116.00 | 115.10 |
| Support 2 (S2) | 114.87 | 115.46 | 114.96 | 114.97 | |
| Support 3 (S3) | 114.28 | 114.87 | 114.85 | ||
| Support 4 (S4) | 114.46 |
