iShares Select Dividend ETF (NASDAQ:DVY) Fell By -0.6%, But Why?

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In its most recent trading session, iShares Select Dividend ETF (NASDAQ:DVY) dropped by -0.6% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, We ought 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 0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.529, an Accumulation/Distribution Index (ADI) of 0.529, an On-Balance Volume (OBV) of 1547.828, and a Chaiikin Money Flow (CMF) of 105.34. 1.0

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 iShares Select Dividend ETF (NASDAQ:DVY). 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.