Technical Analysis for FDND - FT Vest Dow Jones Internet & Target Income ETF

Grade Last Price % Change Price Change
A 20.72 1.20% 0.25
FDND closed up 1.2 percent on Friday, November 1, 2024, on 29 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze Started Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
180 Bullish Setup Bullish Swing Setup 1.20%
Slingshot Bullish Bullish Swing Setup 1.20%

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Profile

FT Vest Dow Jones Internet & Target Income ETF Description

FDND aims to provide income at an annual rate of 8%, before fees and expenses, over the annual dividend yield of the Nasdaq-100 Index. The income stems from dividends from individual equity positions and premiums from selling naked call options. However, there is no guarantee the fund will deliver the target income. The portfolio manager actively selects 40 of the largest and most liquid US internet companies, which includes firms in the internet commerce and internet services sub-industries. Each week, FDND attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Nasdaq-100 Index or related ETFs. The income from dividends and option premiums are expected to be distributed monthly. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.


Classification

Keywords: Exchange Traded Fund Dividend Options Contract Law Internet Nasdaq 100 Index

Top 10 Components

Symbol Grade Price % Change Allocation
META B -0.07 10.27
AMZN A 6.19 9.29
NFLX A 0.01 8.10
CRM A 1.15 7.16
GOOGL A 0.11 5.63
BKNG A 1.56 4.73
GOOG A -0.02 4.65
ANET B 2.00 4.62
CSCO B 1.33 4.53
PYPL B -2.59 4.12

Is FDND a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 20.72
52 Week Low 17.28
Average Volume 1,054
200-Day Moving Average 0.00
50-Day Moving Average 19.44
20-Day Moving Average 20.24
10-Day Moving Average 20.40
Average True Range 0.18
RSI (14) 67.64
ADX 34.76
+DI 60.79
-DI 26.45
Chandelier Exit (Long, 3 ATRs) 20.18
Chandelier Exit (Short, 3 ATRs) 20.09
Upper Bollinger Bands 20.77
Lower Bollinger Band 19.71
Percent B (%b) 0.95
BandWidth 5.23
MACD Line 0.31
MACD Signal Line 0.31
MACD Histogram -0.0081
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.74
Resistance 3 (R3) 20.74 20.73 20.74
Resistance 2 (R2) 20.73 20.72 20.73 20.73
Resistance 1 (R1) 20.72 20.72 20.73 20.73 20.73
Pivot Point 20.72 20.72 20.72 20.72 20.72
Support 1 (S1) 20.71 20.71 20.71 20.71 20.71
Support 2 (S2) 20.70 20.71 20.70 20.71
Support 3 (S3) 20.70 20.70 20.70
Support 4 (S4) 20.70