Global X Health & Wellness Thematic ETF (NASDAQ:BFIT) Dropped -0.5% – Here’s Why

      Comments Off on Global X Health & Wellness Thematic ETF (NASDAQ:BFIT) Dropped -0.5% – Here’s Why

In its latest trading session, Global X Health & Wellness Thematic ETF (NASDAQ:BFIT) dropped by -0.5% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To understand this better, 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 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.117, an Accumulation/Distribution Index (ADI) of 0.117, an On-Balance Volume (OBV) of 43.342, and a Chaiikin Money Flow (CMF) of 21.727. 1.0

Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Global X Health & Wellness Thematic ETF (NASDAQ:BFIT). 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.