Technical Analysis for EDOW - First Trust Dow 30 Equal Weight ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
25.4882 | 0.74% | 0.19 |
EDOW closed up 0.74 percent on Friday, November 15, 2019, on 4 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| See historical EDOW trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 0.74% | |
| Overbought Stochastic | Strength | 0.74% | |
| New 52 Week Closing High | Bullish | 0.41% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.41% |
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Basic chart:
The investment seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Industrial Average Equal Weight Index.
The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index consists of an equally weighted portfolio of the 30 securities that comprise the Dow Jones Industrial Average (TM) (the "DJIA"). The 30 securities comprising the DJIA are domestic, blue-chip companies covering all industries, with the exception of transportation and utilities. The fund is non-diversified.
Stock Market Index Transportation S&P Dow Jones Indices Dow Jones & Company Dow Jones Industrial Average Index Dow Jones Industrial Average
Stock Market Index Transportation S&P Dow Jones Indices Dow Jones & Company Dow Jones Industrial Average Index Dow Jones Industrial Average
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 25.4882 |
| 52 Week Low | 20.07 |
| Average Volume | 40,617 |
| 200-Day Moving Average | 24.1059 |
| 50-Day Moving Average | 24.665 |
| 20-Day Moving Average | 24.9811 |
| 10-Day Moving Average | 25.2835 |
| Average True Range | 0.1694 |
| ADX | 29.08 |
| +DI | 42.9843 |
| -DI | 14.8415 |
| Chandelier Exit (Long, 3 ATRs ) | 24.98 |
| Chandelier Exit (Short, 3 ATRs ) | 24.8982 |
| Upper Bollinger Band | 25.6523 |
| Lower Bollinger Band | 24.3099 |
| Percent B (%b) | 0.88 |
| BandWidth | 5.373662 |
| MACD Line | 0.2573 |
| MACD Signal Line | 0.225 |
| MACD Histogram | 0.0323 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.58 | ||||
| Resistance 3 (R3) | 25.57 | 25.53 | 25.56 | ||
| Resistance 2 (R2) | 25.53 | 25.50 | 25.53 | 25.56 | |
| Resistance 1 (R1) | 25.51 | 25.49 | 25.52 | 25.52 | 25.55 |
| Pivot Point | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 |
| Support 1 (S1) | 25.45 | 25.45 | 25.46 | 25.46 | 25.43 |
| Support 2 (S2) | 25.41 | 25.43 | 25.42 | 25.42 | |
| Support 3 (S3) | 25.39 | 25.41 | 25.42 | ||
| Support 4 (S4) | 25.40 |
