FIRST TRUST DOW 30 EQL WGHT (EDOW) Stock Technical Analysis
NYSEARCA:EDOW - NYSE Arca - US33733A2015 - ETF - Currency: USD
Taking everything into account, EDOW scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EDOW is only an average performer.
Warning: EDOW has an average volume of 19022 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
EDOW is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, EDOW turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
In the last month EDOW has a been trading in a tight range between 37.83 and 39.23.
Considerably lower volume is observed in the last couple of days.
Although EDOW has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.54
39.66
4 important support areas can be observed.
- A support zone ranging from 37.96 to 39.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.96 from a horizontal line in the daily time frame.
- Support @34.10 from a trend line in the weekly time frame.
- Support @32.87 from a horizontal line in the weekly 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 EDOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDOW is up. |
| ChartMill Relative Strength | 65.68 | NEUTRAL | EDOW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDOW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.68 | NEUTRAL | The RSI value for EDOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EDOW has a positive trend. |
| Stochastics (14,3) | 88.68 | OVERBOUGHT | The high Stochastics value suggests EDOW may be overbought. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for EDOW suggests low volalility. |
| Average Directional Index/ADX (14) | 19.91 | NEGATIVE | The low ADX value for EDOW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:EDOW (8/15/2025, 12:07:16 PM)
39.27
+0.1 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.26%
1 Week1.98%
2 Weeks2.27%
1 Month1.17%
3 Month5.4%
6 Month2.96%
12 Month13.69%
2 Year28.67%
3 Year41.64%
5 Year56.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%0.83%
ATR Inc9.66%
Range Today0.1
ADR(20)0.27
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.68
Mansfield-0.29
10 Day High39.23
10 Day Low37.83
20 Day High39.23
20 Day Low37.83
52 Week High39.23
52 Week Low31.52
CS1 End38.98
CR1 Start39.18
Volume & EV
DER(3)0.65%
DER(5)-0.96%
Volume2.12K
Volume Incr-68.09%
Vol(5)5.14K
Vol(50)19.02K