Technical Analysis for DDIV - First Trust Dorsey Wright Momentum & Dividend ETF

Grade Last Price % Change Price Change
B 34.07 0.87% 0.29
DDIV closed up 0.87 percent on Thursday, March 28, 2024, on 1.14 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 0.87%
180 Bullish Setup Bullish Swing Setup 0.87%
New 52 Week High Strength 0.87%

   Recent Intraday Alerts

Alert Time
Rose Above Upper Bollinger Band about 15 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago
Possible Pocket Pivot about 15 hours ago
60 Minute Opening Range Breakout about 16 hours ago

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First Trust Dorsey Wright Momentum & Dividend ETF Description

The First Trust Dorsey Wright Momentum & Dividend ETF, formerly the First Trust RBA Quality Income ETF, 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 Dividend Yield 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 Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider"). The Dorsey Wright Momentum Plus Dividend Yield Index is a rules-based equity index that is designed to track the overall performance of the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. To construct the index, Dorsey, Wright & Associates (DWA) begins with the eligible constituents of the NASDAQ US Large Mid Cap Index. These eligible constituents are determined after meeting certain criteria, including maintaining a minimum average daily dollar volume of $1 million for the 30-day period prior to evaluation. Each security is assigned a relative strength score based on its forward price momentum compared to the momentum of a broad market benchmark index. Securities that exhibit a minimum level of relative strength are eligible for inclusion in the index. Eligible securities are then ranked based upon their current dividend yield, and the top 50 securities with the highest dividend yield are selected for inclusion in the index. The securities are then weighted, with greater weights given to securities with higher dividend yields. The index is reconstituted and rebalanced quarterly.


Classification

Keywords: Exchange Traded Fund ETF Stock Market Index Dividend Yield S&P 500 Dividend Aristocrats Relative Strength First Trust

Top 10 Components

Symbol Grade Price % Change Allocation
AM B 1.22 4.91
OMF B 1.13 4.67
STWD C 0.00 4.63
SPG C 1.40 3.82
DTM A 2.50 3.62
LAMR B 0.57 3.55
DKS B 1.02 3.07
IRM C 0.09 3.04
KIM D 1.29 2.84
PSX A 2.76 2.61

Is DDIV 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 34.0699
52 Week Low 25.5549
Average Volume 4,408
200-Day Moving Average 28.88
50-Day Moving Average 31.29
20-Day Moving Average 32.78
10-Day Moving Average 33.25
Average True Range 0.28
RSI (14) 79.12
ADX 53.4
+DI 57.95
-DI 12.38
Chandelier Exit (Long, 3 ATRs) 33.24
Chandelier Exit (Short, 3 ATRs) 32.09
Upper Bollinger Bands 33.98
Lower Bollinger Band 31.58
Percent B (%b) 1.04
BandWidth 7.31
MACD Line 0.70
MACD Signal Line 0.65
MACD Histogram 0.0555
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.40
Resistance 3 (R3) 34.36 34.22 34.34
Resistance 2 (R2) 34.22 34.13 34.23 34.33
Resistance 1 (R1) 34.14 34.08 34.18 34.18 34.31
Pivot Point 34.00 34.00 34.01 34.01 34.00
Support 1 (S1) 33.92 33.91 33.96 33.96 33.83
Support 2 (S2) 33.78 33.86 33.80 33.81
Support 3 (S3) 33.70 33.78 33.80
Support 4 (S4) 33.74