FIRST TRUST DORSEY WRIGHT MO (DDIV) Stock Technical Analysis
NASDAQ:DDIV - Nasdaq - US33738R6962 - ETF - Currency: USD
Overall DDIV gets a technical rating of 6 out of 10. In the last year, DDIV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, DDIV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.39, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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32.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 37.76 to 38.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.85 to 37.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @35.07 from a trend line in the weekly time frame.
- A support zone ranging from 32.82 to 33.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @38.64 from a horizontal line in the daily time frame.
- Resistance @40.07 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DDIV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DDIV is up. |
| ChartMill Relative Strength | 57.2 | NEUTRAL | DDIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DDIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DDIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DDIV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.73 | NEUTRAL | The RSI value for DDIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DDIV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.88 | NEUTRAL | The Stochastics value for DDIV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for DDIV suggests low volalility. |
| Average Directional Index/ADX (14) | 15.88 | NEGATIVE | The low ADX value for DDIV suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.65 | 37.78 | 0.87 (2.25%) | 25.00% |
| An entry @38.65. This is a Buy Stop order right above the resistance zone. | An exit @37.78. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.87 points, which is 2.25%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:DDIV (7/23/2025, 8:16:46 PM)
38.5708
-0.09 (-0.22%)