Technical Analysis for MGOV - First Trust Intermediate Government Opportunities ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 19.96 | 1.37% | 0.27 |
MGOV closed up 1.37 percent on Friday, May 3, 2024, on 23 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 | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Expansion Pivot Buy Setup | Bullish Swing Setup | 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% | |
| Crossed Above 20 DMA | Bullish | 1.37% | |
| Inside Day | Range Contraction | 1.37% |
| Alert | Time |
|---|---|
| Possible NR7 | 3 days ago |
| Gapped Up (Full) | 3 days ago |
| Rose Above Previous Day's High | 3 days ago |
| Rose Above Upper Bollinger Band | 3 days ago |
| Up 1 ATR | 3 days ago |
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Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of debt securities issued or guaranteed by the U.S. government (including U.S. Treasury bonds, notes and bills), its agencies or government-sponsored entities. The fund's investments in government securities include publicly-issued U.S. Treasury securities and mortgage-related securities such as pass-through securities, collateralized mortgage obligations (CMOs) and commercial mortgage-backed securities (CMBS). It is non-diversified.
Keywords: Structured Finance Mortgage Backed Security U.S. Treasury Mortgage Loan U.S. Government Collateralized Debt Obligation Fixed Income Securities United States Treasury Security Residential Mortgage Backed Security Commercial Mortgage Backed Security
Classification
Keywords: Structured Finance Mortgage Backed Security U.S. Treasury Mortgage Loan U.S. Government Collateralized Debt Obligation Fixed Income Securities United States Treasury Security Residential Mortgage Backed Security Commercial Mortgage Backed Security
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 20.3499 |
| 52 Week Low | 18.2668 |
| Average Volume | 8,312 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 19.86 |
| 20-Day Moving Average | 19.64 |
| 10-Day Moving Average | 19.63 |
| Average True Range | 0.11 |
| RSI (14) | 60.47 |
| ADX | 17.15 |
| +DI | 45.00 |
| -DI | 26.92 |
| Chandelier Exit (Long, 3 ATRs) | 19.64 |
| Chandelier Exit (Short, 3 ATRs) | 19.79 |
| Upper Bollinger Bands | 19.89 |
| Lower Bollinger Band | 19.39 |
| Percent B (%b) | 1.13 |
| BandWidth | 2.54 |
| MACD Line | -0.04 |
| MACD Signal Line | -0.08 |
| MACD Histogram | 0.0407 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 20.19 | ||||
| Resistance 3 (R3) | 20.17 | 20.06 | 20.15 | ||
| Resistance 2 (R2) | 20.06 | 20.00 | 20.08 | 20.14 | |
| Resistance 1 (R1) | 20.01 | 19.97 | 20.04 | 20.04 | 20.13 |
| Pivot Point | 19.91 | 19.91 | 19.92 | 19.92 | 19.91 |
| Support 1 (S1) | 19.86 | 19.85 | 19.88 | 19.88 | 19.79 |
| Support 2 (S2) | 19.75 | 19.81 | 19.77 | 19.78 | |
| Support 3 (S3) | 19.70 | 19.75 | 19.77 | ||
| Support 4 (S4) | 19.73 |
