FIRST TRUST DOW 30 EQL WGHT (EDOW) Stock Technical Analysis
USA - NYSEARCA:EDOW - US33733A2015 - ETF
39.6602 USD
+0.21 (+0.54%)
Taking everything into account, EDOW scores 5 out of 10 in our technical rating. EDOW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: EDOW has an average volume of 11480 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
EDOW is currently trading near its 52 week high, which is a good sign. 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 58% of all stocks.
In the last month EDOW has a been trading in a tight range between 39.24 and 40.11.
Although the technical rating is only medium, EDOW does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 39.24, a Stop Loss order could be placed below this zone.
More info and screens
32.54
40.36
3 important support areas can be observed.
- A support zone ranging from 37.95 to 39.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.95 from a horizontal line in the daily time frame.
- Support @32.87 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.67 to 39.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for EDOW is neutral. |
| ChartMill Relative Strength | 58.23 | NEUTRAL | EDOW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDOW is below a declining 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) | 52.83 | NEUTRAL | The RSI value for EDOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EDOW has a negative trend. |
| Stochastics (14,3) | 32.01 | NEUTRAL | The Stochastics value for EDOW is a neutral value. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for EDOW suggests low volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for EDOW suggests a possible start of a new 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 (9/26/2025, 8:04:00 PM)
39.6602
+0.21 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.54%
1 Week-0.58%
2 Weeks-0.09%
1 Month-0.19%
3 Month4.02%
6 Month10.56%
12 Month9.85%
2 Year36.62%
3 Year59.81%
5 Year62.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%0.69%
ATR Inc9.93%
Range Today0.26
ADR(20)0.23
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.23
Mansfield-0.38
10 Day High40.11
10 Day Low39.42
20 Day High40.11
20 Day Low39.24
52 Week High40.11
52 Week Low31.52
CS1 End39.24
CR1 Start39.67
Volume & EV
DER(3)2.35%
DER(5)2.65%
Volume6.30K
Volume Incr-12.29%
Vol(5)8.46K
Vol(50)11.48K