First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Went Up 0.4%, And Here’s Why

In its most recent trading session, First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) spiked up by 0.4% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

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 -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.131, an Accumulation/Distribution Index (ADI) of 0.131, an On-Balance Volume (OBV) of 115.486, and a Chaiikin Money Flow (CMF) of -33.25. 1.0

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

So there you have it – our analysis of First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.