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

Grade Last Price % Change Price Change
grade C 21.0974 0.99% 0.21
DDIV closed up 0.99 percent on Wednesday, August 5, 2020, on 58 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical DDIV trend table...

Date Alert Name Type % Chg
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
180 Bullish Setup Bullish Swing Setup 0.99%
Narrow Range Bar Range Contraction 0.99%
Overbought Stochastic Strength 0.99%
Stochastic Sell Signal Bearish 1.19%
Narrow Range Bar Range Contraction 1.19%
NR7 Range Contraction 1.19%
Gapped Up Strength 1.19%

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Profile

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.
Exchange Traded Fund ETF Stock Market Index Dividend Yield S&P 500 Dividend Aristocrats First Trust

Top 10 Components

Symbol Grade Percentage
AVGO 4.27
BX 3.65
D 3.59
STX 3.43
NRG 3.38
COR 3.17
QCOM 3.14
FAST 3.09
PKG 3.04
HD 3.03
View All DDIV Holdings

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 27.815
52 Week Low 14.31
Average Volume 10,646
200-Day Moving Average 22.76
50-Day Moving Average 20.31
20-Day Moving Average 20.55
10-Day Moving Average 20.80
Average True Range 0.23
ADX 19.57
+DI 38.50
-DI 23.71
Chandelier Exit (Long, 3 ATRs ) 20.39
Chandelier Exit (Short, 3 ATRs ) 20.40
Upper Bollinger Band 21.23
Lower Bollinger Band 19.87
Percent B (%b) 0.9
BandWidth 6.59
MACD Line 0.24
MACD Signal Line 0.21
MACD Histogram 0.0284
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.33
Resistance 3 (R3) 21.31 21.20 21.29
Resistance 2 (R2) 21.20 21.14 21.22 21.28
Resistance 1 (R1) 21.15 21.11 21.18 21.18 21.27
Pivot Point 21.04 21.04 21.06 21.06 21.04
Support 1 (S1) 20.99 20.98 21.02 21.02 20.93
Support 2 (S2) 20.89 20.95 20.90 20.91
Support 3 (S3) 20.84 20.89 20.90
Support 4 (S4) 20.86