FIRST TRUST DOW 30 EQL WGHT (EDOW) Stock Technical Analysis
USA - NYSEARCA:EDOW - US33733A2015 - ETF
Overall EDOW gets a technical rating of 6 out of 10. 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.
EDOW has only a medium technical rating, but it does show a decent setup pattern. 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 40.21, a Stop Loss order could be placed below this zone.
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32.54
We found 3 important support areas.
- A support zone ranging from 38.98 to 40.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.06 to 38.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @32.87 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.59 to 40.97. 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 | 65.99 | 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) | 50.77 | 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) | 37.17 | NEUTRAL | The Stochastics value for EDOW is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for EDOW suggests low volalility. |
| Average Directional Index/ADX (14) | 14.73 | NEGATIVE | The low ADX value for EDOW 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 |
|---|---|---|---|
| 40.60 | 40.01 | 0.60 (1.47%) | 25.00% |
| An entry @40.60. This is a Buy Stop order right above the 10 day moving average. | An exit @40.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.60 points, which is 1.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- 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 (11/10/2025, 10:43:55 AM)
40.3585
+0.07 (+0.17%)
FIRST TRUST DOW 30 EQL WGHT / EDOW FAQ
What is the ChartMill technical rating of FIRST TRUST DOW 30 EQL WGHT (EDOW) stock?
ChartMill assigns a technical rating of 6 / 10 to EDOW.
What is the current trend direction of FIRST TRUST DOW 30 EQL WGHT (EDOW) stock?
The current trend direction for FIRST TRUST DOW 30 EQL WGHT (EDOW) is Bullish.
What is the RSI signal for FIRST TRUST DOW 30 EQL WGHT (EDOW) stock?
FIRST TRUST DOW 30 EQL WGHT (EDOW) has an RSI value of 50.7744. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST TRUST DOW 30 EQL WGHT (EDOW) stock?
The short term momentum for FIRST TRUST DOW 30 EQL WGHT (EDOW) is neutral.
What is the support and resistance level for EDOW stock?
FIRST TRUST DOW 30 EQL WGHT (EDOW) has a support level at 40.21 and a resistance level at 40.31. Check the full technical report for our detailed analysis of EDOW support and resistance levels.