First Trust Nasdaq Pharmaceuticals ETF (NASDAQ:FTXH) Jumped Up 0.5%, But Why?

In its latest trading session, First Trust Nasdaq Pharmaceuticals ETF (NASDAQ:FTXH) spiked up by 0.5% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.174, an Accumulation/Distribution Index (ADI) of 0.174, an On-Balance Volume (OBV) of 53.162, and a Chaiikin Money Flow (CMF) of -23.555. 1.25

So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for First Trust Nasdaq Pharmaceuticals ETF (NASDAQ:FTXH). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.