First Trust Strategic Income ETF (NASDAQ:FDIV) Dropped -0.2% – Here’s Why

      Comments Off on First Trust Strategic Income ETF (NASDAQ:FDIV) Dropped -0.2% – Here’s Why

In its most recent trading session, First Trust Strategic Income ETF (NASDAQ:FDIV) dropped by -0.2% – here is what that looked like (as of 2019-12-04):

Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 50.18, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.139, an Accumulation/Distribution Index (ADI) of 0.139, an On-Balance Volume (OBV) of 443.077, and a Chaiikin Money Flow (CMF) of 50.319. 1.806

So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for First Trust Strategic Income ETF (NASDAQ:FDIV). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.