Here’s Why First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index (NASDAQ:GRID) Dropped -1.2%

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For its latest trading sesion, First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index (NASDAQ:GRID) dropped by -1.2% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, it is helpful 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 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.337, an Accumulation/Distribution Index (ADI) of 0.337, an On-Balance Volume (OBV) of 330.451, and a Chaiikin Money Flow (CMF) of 55.922. 4.97

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

So there you have it – our analysis of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index (NASDAQ:GRID). 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.