First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Fell By -1.0%, But Why?

      Comments Off on First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Fell By -1.0%, But Why?

In its latest trading session, First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) dropped by -1.0% – 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, it is helpful 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 0.39, an Accumulation/Distribution Index (ADI) of 0.39, an On-Balance Volume (OBV) of 168.87, and a Chaiikin Money Flow (CMF) of 41.88. 2.45

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 Nasdaq Semiconductor ETF (NASDAQ:FTXL). 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.