FIRST TRUST DOW 30 EQL WGHT (EDOW) Stock Technical Analysis
NYSEARCA:EDOW - NYSE Arca - US33733A2015 - ETF - Currency: USD
Overall EDOW gets a technical rating of 7 out of 10. EDOW has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: EDOW has an average volume of 29872 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 trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EDOW is lagging the market slightly.
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 36.14 and 37.63.
Considerably lower volume is observed in the last couple of days.
EDOW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 37.16, a Stop Loss order could be placed below this zone.
More info and screens
32.54
38.63
3 important support areas can be observed.
- A support zone ranging from 36.04 to 37.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.66 from a trend line in the weekly time frame.
- A support zone ranging from 32.87 to 32.89. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.01 to 38.25. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for EDOW is up. |
| ChartMill Relative Strength | 65.06 | 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) | 56.25 | NEUTRAL | The RSI value for EDOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EDOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.61 | NEUTRAL | The Stochastics value for EDOW is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for EDOW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.4 | 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)
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 |
|---|---|---|---|
| 37.23 | 36.74 | 0.49 (1.32%) | 25.00% |
| An entry @37.23. This is a Buy Stop order right above the resistance zone. | An exit @36.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.49 points, which is 1.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- 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.
NYSEARCA:EDOW (6/24/2025, 2:27:46 PM)
37.47
+0.27 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.73%
1 Week0.92%
2 Weeks-0.52%
1 Month1.78%
3 Month3.69%
6 Month1.49%
12 Month11.13%
2 Year23.49%
3 Year36.85%
5 Year59.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%0.87%
ATR Inc7.73%
Range Today0.14
ADR(20)0.27
ADR(20)%0.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.06
Mansfield-0.11
10 Day High37.63
10 Day Low36.75
20 Day High37.63
20 Day Low36.14
52 Week High38.24
52 Week Low31.52
CS1 End37.16
CR1 Start37.22
Volume & EV
DER(3)-2.17%
DER(5)-2.76%
Volume7.23K
Volume Incr-46.37%
Vol(5)7.72K
Vol(50)29.87K