In its most recent trading session, First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) dropped by -0.9% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To have a greater insight of what is happening, We ought 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 0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.201, an Accumulation/Distribution Index (ADI) of 0.201, an On-Balance Volume (OBV) of 89.617, and a Chaiikin Money Flow (CMF) of 31.9. 1.154
Now let’s take all these indicators into account. According to Trading View, we can conclude the following:
So there you have it – our analysis of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV). 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.