In its most recent trading session, First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) dropped by -0.7% – here is what that looked like (as of 2019-12-04):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.092, an Accumulation/Distribution Index (ADI) of 0.092, an On-Balance Volume (OBV) of 23.46, and a Chaiikin Money Flow (CMF) of 11.624. 1.0
Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:
So there you have it – our analysis of First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.