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

Grade Last Price % Change Price Change
grade C 23.49 0.13% 0.03
DDIV closed up 0.13 percent on Friday, February 15, 2019, on 45 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Up Up
See historical DDIV trend table...

Date Alert Name Type % Chg
Feb 15 Shooting Star Candlestick Bearish 0.00%
Feb 15 Lizard Bearish Bearish Day Trade Setup 0.00%
Feb 15 Gilligan's Island Sell Setup Bearish Swing Setup 0.00%
Feb 15 Pocket Pivot Bullish Swing Setup 0.00%
Feb 15 Narrow Range Bar Range Contraction 0.00%
Feb 15 Gapped Up Strength 0.00%
Feb 15 Overbought Stochastic Strength 0.00%
Feb 15 Up 3 Days in a Row Strength 0.00%
Feb 15 Up 4 Days in a Row Strength 0.00%
Feb 14 Narrow Range Bar Range Contraction 0.13%

Older signals for DDIV ...

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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 Stock Market Index Financial Ratios Dividend Yield S&P 500 Dividend Aristocrats First Trust
Is DDIV a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 25.89
52 Week Low 19.49
Average Volume 9,879
200-Day Moving Average 23.9754
50-Day Moving Average 22.064
20-Day Moving Average 22.9833
10-Day Moving Average 23.3045
Average True Range 0.1556
ADX 40.96
+DI 46.9618
-DI 13.7372
Chandelier Exit (Long, 3 ATRs ) 23.0732
Chandelier Exit (Short, 3 ATRs ) 22.4768
Upper Bollinger Band 23.7187
Lower Bollinger Band 22.2479
Percent B (%b) 0.84
BandWidth 6.399429
MACD Line 0.392
MACD Signal Line 0.3703
MACD Histogram 0.0217
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.57
Resistance 3 (R3) 23.57 23.56 23.55
Resistance 2 (R2) 23.56 23.54 23.55 23.55
Resistance 1 (R1) 23.52 23.53 23.52 23.52 23.54
Pivot Point 23.51 23.51 23.50 23.50 23.51
Support 1 (S1) 23.47 23.49 23.47 23.47 23.44
Support 2 (S2) 23.46 23.48 23.45 23.43
Support 3 (S3) 23.42 23.46 23.43
Support 4 (S4) 23.42