Technical Analysis for GRID - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 119.74 | -0.51% | -0.61 |
GRID closed down 0.51 percent on Friday, May 17, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New Uptrend | Bullish | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Inside Day | Range Contraction | -0.51% | |
| Overbought Stochastic | Strength | -0.51% | |
| New 52 Week Closing High | Bullish | -1.47% | |
| New 52 Week High | Strength | -1.47% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | 1 day ago |
| Possible NR7 | 1 day ago |
| 1.5x Volume Pace | 2 days ago |
| Fell Below Previous Day's Low | 2 days ago |
| Possible Inside Day | 3 days ago |
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The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM).
The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Stock Market Index Active Management Energy Infrastructure Electric Energy Energy Infrastructure Sector Smart Grid
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Active Management Energy Infrastructure Electric Energy Energy Infrastructure Sector Smart Grid
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 121.54 |
| 52 Week Low | 84.7334 |
| Average Volume | 95,101 |
| 200-Day Moving Average | 102.08 |
| 50-Day Moving Average | 113.97 |
| 20-Day Moving Average | 115.71 |
| 10-Day Moving Average | 118.75 |
| Average True Range | 1.42 |
| RSI (14) | 65.99 |
| ADX | 25.27 |
| +DI | 40.17 |
| -DI | 19.84 |
| Chandelier Exit (Long, 3 ATRs) | 117.27 |
| Chandelier Exit (Short, 3 ATRs) | 113.73 |
| Upper Bollinger Bands | 122.44 |
| Lower Bollinger Band | 108.97 |
| Percent B (%b) | 0.8 |
| BandWidth | 11.64 |
| MACD Line | 2.17 |
| MACD Signal Line | 1.67 |
| MACD Histogram | 0.5 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 120.58 | ||||
| Resistance 3 (R3) | 120.50 | 120.14 | 120.44 | ||
| Resistance 2 (R2) | 120.14 | 119.93 | 120.18 | 120.39 | |
| Resistance 1 (R1) | 119.94 | 119.79 | 120.04 | 120.02 | 120.35 |
| Pivot Point | 119.58 | 119.58 | 119.63 | 119.62 | 119.58 |
| Support 1 (S1) | 119.38 | 119.37 | 119.48 | 119.46 | 119.13 |
| Support 2 (S2) | 119.02 | 119.24 | 119.06 | 119.09 | |
| Support 3 (S3) | 118.82 | 119.02 | 119.04 | ||
| Support 4 (S4) | 118.90 |
