After completing its last trading session, First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) dropped by -0.6% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
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 0.013, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.292, an Accumulation/Distribution Index (ADI) of 0.292, an On-Balance Volume (OBV) of 548.357, and a Chaiikin Money Flow (CMF) of 58.79. 1.0
Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT). 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.
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