FIRST TRUST DRSY WRIGHT MOME (DVLU) Stock Technical Analysis
NASDAQ:DVLU - Nasdaq - US33741L2079 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to DVLU. DVLU has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
DVLU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.70, a Stop Loss order could be placed below this zone.
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24.69
3 important support areas can be observed.
- A support zone ranging from 28.57 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.45 from a trend line in the weekly time frame.
- Support @24.94 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.02 to 29.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.33 to 30.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @32.10 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 DVLU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DVLU is up. |
| ChartMill Relative Strength | 51.24 | NEUTRAL | DVLU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DVLU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DVLU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DVLU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.2 | NEUTRAL | The RSI value for DVLU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DVLU has a negative trend. |
| Stochastics (14,3) | 57.31 | NEUTRAL | The Stochastics value for DVLU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for DVLU suggests low volalility. |
| Average Directional Index/ADX (14) | 13.16 | NEGATIVE | The low ADX value for DVLU 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 |
|---|---|---|---|
| 29.22 | 28.80 | 0.42 (1.44%) | 25.00% |
| An entry @29.22. This is a Buy Stop order right above the resistance zone. | An exit @28.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.42 points, which is 1.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- 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:DVLU (6/10/2025, 4:04:04 PM)
29.02
-0.03 (-0.1%)