In its most recent trading session, First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) spiked up by 0.3% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
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 -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.431, an Accumulation/Distribution Index (ADI) of 0.431, an On-Balance Volume (OBV) of 115.009, and a Chaiikin Money Flow (CMF) of -38.19. 1.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:
So there you have it – our analysis of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.
2335 Holt Street, SAINT CROIX IN 47576