EDOW - short positionResistance seems to be strong on this chart.
Enter the short position now and wait for the price to reach the targets which are shown on the chart.
Key stats
About First Trust Dow 30 Equal Weight ETF
Home page
Inception date
Aug 8, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
EDOW is the equal-weighted take on the Dow Jones Industrial Average Index (DJAI) which is a price-weighted index. The fund has the same exposure to DJIA, holding 30 large-cap US stocks issued by blue-chip companies covering a wide range of industries. In contrast, EDOW gives equal weight to the same 30 constituents, allowing each stock to contribute equally to the performance return. Equal weighting reduces concentration and individual stock risk. The underlying index is rebalanced on a quarterly basis, which provides a mechanism to systematically sell off positions that have appreciated and buy those that are lower. On December 14, 2020, the First Trust Mega Cap AlphaDex Fund (ticker: FMK) was merged into EDOW. Assets from FMK stood at just under $21.5 million, with 500,00 shares outstanding.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Retail Trade
Technology Services
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.