First Trust Mid Cap US Equity Select ETF (RNMC) Dropped -0.1% – Here’s Why

After completing its last trading session, First Trust Mid Cap US Equity Select ETF (RNMC) dropped by -0.1% – here is what that looked like (as of 2019-11-08):

What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.166, an Accumulation/Distribution Index (ADI) of 0.166, an On-Balance Volume (OBV) of 897.414, and a Chaiikin Money Flow (CMF) of -23.0. 37.384

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of First Trust Mid Cap US Equity Select ETF (RNMC). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen

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