Technical Analysis for DALI - First Trust DorseyWright DALI 1 ETF

Grade Last Price % Change Price Change
C 24.12 0.80% 0.19
DALI closed down 0.21 percent on Friday, May 17, 2024, on 19 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.80%
Cup with Handle Other 0.80%
Overbought Stochastic Strength 0.80%
Golden Cross Bullish 0.59%
Narrow Range Bar Range Contraction 0.59%
Overbought Stochastic Strength 0.59%
Gapped Down Weakness 0.59%
Above Upper BB Strength -0.02%
Gapped Up Strength -0.02%
Overbought Stochastic Strength -0.02%

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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 Dorsey Wright DALI 1 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 index has been designed based upon the principle that the asset class exhibiting the highest levels of "relative strength," based on current prices, will be the asset class with the best performance over the near term. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Asset Classes Relative Strength

Top 10 Components

Symbol Grade Price % Change Allocation
FYC A 0.77 17.70
FTC B 0.43 17.36
FTXL B 1.96 13.36
FXD C 0.15 12.44

Is DALI 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 27.1533
52 Week Low 21.1496
Average Volume 19,839
200-Day Moving Average 23.38
50-Day Moving Average 23.39
20-Day Moving Average 23.26
10-Day Moving Average 23.68
Average True Range 0.25
RSI (14) 61.39
ADX 17.79
+DI 40.20
-DI 23.18
Chandelier Exit (Long, 3 ATRs) 23.36
Chandelier Exit (Short, 3 ATRs) 22.86
Upper Bollinger Bands 24.24
Lower Bollinger Band 22.28
Percent B (%b) 0.84
BandWidth 8.41
MACD Line 0.21
MACD Signal Line 0.10
MACD Histogram 0.1119
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.15
Resistance 3 (R3) 24.15 24.08 24.11
Resistance 2 (R2) 24.08 24.02 24.08 24.10
Resistance 1 (R1) 24.00 23.99 23.97 24.00 24.09
Pivot Point 23.93 23.93 23.91 23.93 23.93
Support 1 (S1) 23.85 23.87 23.82 23.85 23.76
Support 2 (S2) 23.78 23.84 23.78 23.75
Support 3 (S3) 23.70 23.78 23.74
Support 4 (S4) 23.70