Technical Analysis for MDIV - First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

Grade Last Price % Change Price Change
grade D 14.16 0.35% 0.05
MDIV closed up 0.35 percent on Wednesday, August 5, 2020, on 1.52 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 MDIV trend table...

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
50 DMA Support Bullish 0.35%
Stochastic Reached Overbought Strength 0.35%
Overbought Stochastic Strength 0.35%
Crossed Above 50 DMA Bullish 1.00%

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Profile

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.
Exchange Traded Fund ETF Bond Corporate Finance Real Estate Investment Trust Oil And Gas High Yield Debt Nasdaq Composite Index

Top 10 Components

Symbol Grade Percentage
HYLS 20.06
DCP 1.73
ENLC 1.64
SLG 1.47
ENBL 1.44
LTC 1.34
MPW 1.28
HST 1.23
GEL 1.19
WES 1.19
View All MDIV Holdings

Is MDIV 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 19.06
52 Week Low 9.0124
Average Volume 106,491
200-Day Moving Average 15.68
50-Day Moving Average 14.02
20-Day Moving Average 13.81
10-Day Moving Average 13.98
Average True Range 0.23
ADX 13.16
+DI 24.88
-DI 14.89
Chandelier Exit (Long, 3 ATRs ) 13.53
Chandelier Exit (Short, 3 ATRs ) 13.93
Upper Bollinger Band 14.30
Lower Bollinger Band 13.31
Percent B (%b) 0.86
BandWidth 7.12
MACD Line 0.08
MACD Signal Line 0.03
MACD Histogram 0.0461
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.28
Resistance 3 (R3) 14.29 14.26 14.26
Resistance 2 (R2) 14.26 14.23 14.25 14.25
Resistance 1 (R1) 14.21 14.21 14.19 14.20 14.25
Pivot Point 14.18 14.18 14.17 14.17 14.18
Support 1 (S1) 14.13 14.15 14.12 14.12 14.07
Support 2 (S2) 14.10 14.13 14.10 14.07
Support 3 (S3) 14.05 14.10 14.06
Support 4 (S4) 14.04