Technical Analysis for MDIV - First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

Grade Last Price % Change Price Change
A 15.78 0.10% 0.02
MDIV closed up 0.29 percent on Friday, May 3, 2024, on 38 percent of normal volume. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.10%
Gapped Up Strength 0.10%
Overbought Stochastic Strength 0.10%
Up 3 Days in a Row Strength 0.10%
Doji - Bearish? Reversal 0.39%
Overbought Stochastic Strength 0.39%
180 Bullish Setup Bullish Swing Setup 0.64%
Overbought Stochastic Strength 0.64%
Bearish Engulfing Bearish 1.17%
Outside Day Range Expansion 1.17%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 2 hours ago
60 Minute Opening Range Breakdown about 5 hours ago
Rose Above Previous Day's High about 6 hours ago
Reversed from Up 3 days ago
Gap Up Closed 3 days ago

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Profile

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 Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.
Classification

Keywords: Exchange Traded Fund ETF Bond Real Estate Investment Trust High Yield Debt Oil And Gas Nasdaq Composite Index

Top 10 Components

Symbol Grade Price % Change Allocation
HYLS A 0.20 19.80
ARLP A 1.89 1.58
PMT A 0.78 1.49
RC C 0.64 1.46
IEP F -0.06 1.40
BSM B 1.10 1.21
NSS A -0.35 1.20
DMLP C -1.99 1.17
KRP A 1.37 1.14
LADR A 1.04 1.11

Is MDIV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 15.8766
52 Week Low 13.2387
Average Volume 97,474
200-Day Moving Average 14.78
50-Day Moving Average 15.53
20-Day Moving Average 15.53
10-Day Moving Average 15.64
Average True Range 0.14
RSI (14) 61.98
ADX 18.62
+DI 23.37
-DI 14.06
Chandelier Exit (Long, 3 ATRs) 15.39
Chandelier Exit (Short, 3 ATRs) 15.60
Upper Bollinger Bands 15.87
Lower Bollinger Band 15.20
Percent B (%b) 0.84
BandWidth 4.32
MACD Line 0.05
MACD Signal Line 0.02
MACD Histogram 0.0289
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.93
Resistance 3 (R3) 15.92 15.86 15.90
Resistance 2 (R2) 15.86 15.82 15.87 15.89
Resistance 1 (R1) 15.81 15.79 15.78 15.82 15.88
Pivot Point 15.75 15.75 15.74 15.76 15.75
Support 1 (S1) 15.70 15.71 15.67 15.71 15.65
Support 2 (S2) 15.64 15.68 15.65 15.64
Support 3 (S3) 15.59 15.64 15.63
Support 4 (S4) 15.60