SPDR Dow Jones Industrial Average ETF

Marco Green
July 19, 2017

SPDR Dow Jones Industrial Average ETF Trust (D07.SI) now has a 14-day Commodity Channel Index (CCI) of 211.83. Wilder has developed multiple indicators that are still quite popular in today's investing landscape.

The Williams Percent Range or Williams %R is another technical indicator worth checking out.

The 14-day ADX for iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) is now at 24.37. The Williams %R oscillates in a range from 0 to -100. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. A reading between 0 and -20 would point to an overbought situation. If the indicator travels under -80, this may signal that the stock is oversold. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. ADX is used to gauge trend strength but not trend direction. The ADX alone measures trend strength but not direction. Doing all the necessary research on sectors can help pinpoint where the next major trend will be forming.

Jul 17 is a positive day so far for First Trust Dow Jones Sel MicroCap ETF (NYSEARCA:FDM) as the ETF is active during the day after gaining 0.23% to hit $44.25 per share. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. They may also be used to help the trader figure out proper support and resistance levels for the stock. First Trust Dow Jones Internet Index Fund (FDN) now has a 14-day Commodity Channel Index (CCI) of 137.71. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. The CCI was created to typically stay within the reading of -100 to +100. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

First Trust Dow Jones Select MicroCap Index Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). Checking in on some other technical levels, the 14-day RSI is now at 54.56, the 7-day stands at 43.74, and the 3-day is sitting at 32.74. The RSI operates in a range-bound area with values between 0 and 100. The opposite is the case when the RSI line is heading lower. The RSI may be more volatile using a shorter period of time.

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