First Trust Income ETF Technical Analysis (NASDAQ:FDIV)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the First Trust Income ETF Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FDIV Chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for First Trust Income ETF. Technical analysis uses an approach for First Trust Income ETF Analysis that does not care for the fair value of a company but uses price and volume data only.
First Trust Income ETF Moving Average
Moving averages help predict the price direction of FDIV stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $49.29 is below the price of $49.54.
First Trust Income ETF Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FDIV stock. Currently the Price of $49.54 is in the upper range of First Trust Income ETF bollinger bands.
First Trust Income ETF Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The First Trust Income ETF MACD indicator is below 0 indicating a bearish trend.
First Trust Income ETF Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of FDIV stock is 66.54.