Technical Analysis for MDEV - First Trust Indxx Medical Devices ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 19.68 | -0.90% | -0.18 |
MDEV closed down 0.9 percent on Monday, July 1, 2024, on 58 percent of normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 200 DMA | Bearish | 0.00% | |
| Expansion Breakdown | Bearish Swing Setup | 0.00% | |
| BB Squeeze Ended | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Cup with Handle | Other | -0.90% | |
| Bollinger Band Squeeze | Range Contraction | -0.90% | |
| Narrow Range Bar | Range Contraction | -0.90% | |
| Gapped Down | Weakness | -0.90% | |
| Oversold Stochastic | Weakness | -0.90% | |
| Bollinger Band Squeeze | Range Contraction | -1.31% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 11 hours ago |
| 2x Volume Pace | about 11 hours ago |
| 1.5x Volume Pace | about 11 hours ago |
| Outside Day | about 11 hours ago |
| Fell Below Previous Day's Low | about 11 hours ago |
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First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the medical devices industry that includes companies that focus on developing equipment, instruments, and machines to diagnose, monitor, and treat diseases. The fund invests in growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Indxx Global Medical Equipment Index, by using full replication technique. First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF is domiciled in the United States.
Keywords: ETF Exchange Traded Funds SPDR Synthetic Replication
Classification
Keywords: ETF Exchange Traded Funds SPDR Synthetic Replication
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 21.5761 |
| 52 Week Low | 16.37 |
| Average Volume | 733 |
| 200-Day Moving Average | 19.69 |
| 50-Day Moving Average | 20.34 |
| 20-Day Moving Average | 20.21 |
| 10-Day Moving Average | 19.96 |
| Average True Range | 0.14 |
| RSI (14) | 33.77 |
| ADX | 16.51 |
| +DI | 29.75 |
| -DI | 58.46 |
| Chandelier Exit (Long, 3 ATRs) | 20.19 |
| Chandelier Exit (Short, 3 ATRs) | 20.11 |
| Upper Bollinger Bands | 20.77 |
| Lower Bollinger Band | 19.65 |
| Percent B (%b) | 0.03 |
| BandWidth | 5.53 |
| MACD Line | -0.19 |
| MACD Signal Line | -0.14 |
| MACD Histogram | -0.0517 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 19.93 | ||||
| Resistance 3 (R3) | 19.95 | 19.90 | 19.88 | ||
| Resistance 2 (R2) | 19.90 | 19.84 | 19.88 | 19.87 | |
| Resistance 1 (R1) | 19.79 | 19.80 | 19.76 | 19.76 | 19.86 |
| Pivot Point | 19.73 | 19.73 | 19.72 | 19.72 | 19.73 |
| Support 1 (S1) | 19.63 | 19.67 | 19.60 | 19.60 | 19.50 |
| Support 2 (S2) | 19.57 | 19.63 | 19.56 | 19.49 | |
| Support 3 (S3) | 19.46 | 19.57 | 19.48 | ||
| Support 4 (S4) | 19.43 |
