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EDOW
ETF ticker: NYSE ARCA
AS OF
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Net Assets
257.7M

EDOW First Trust Dow 30 Equal Weight ETF Forecast, Technical & Fundamental Analysis

Category LargeValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EDOW with price predictions
07:00 PM EST Dec 05, 2023

EDOW sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for EDOW moved above the 200-day moving average on December 06, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on EDOW as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EDOW just turned positive on November 01, 2023. Looking at past instances where EDOW's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

EDOW moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EDOW crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EDOW advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 323 cases where EDOW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EDOW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EDOW broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), VISA (NASDAQ:V), Unitedhealth Group (NASDAQ:UNH), JPMorgan Chase & Co (NASDAQ:JPM), Walmart (NASDAQ:WMT), Johnson & Johnson (NASDAQ:JNJ), Procter & Gamble Company (NASDAQ:PG), Home Depot (NASDAQ:HD), Chevron Corp (NASDAQ:CVX).

Industry description

The investment seeks investment results that correspond generally to the price and yield of an index called the Dow Jones Industrial Average ® Equal Weight Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. The index is the equal weight version of the Dow Jones Industrial Average (the "DJIA"). The DJIA is composed of 30 securities issued by blue-chip U.S. companies covering all industries, with the exception of transportation and utilities.

Market Cap

The average market capitalization across the First Trust Dow 30 Equal Weight ETF ETF is 373.12B. The market cap for tickers in the group ranges from 17.96B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is WBA at 17.96B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Dow 30 Equal Weight ETF ETF was 1%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 6%. CRM experienced the highest price growth at 8%, while INTC experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the First Trust Dow 30 Equal Weight ETF ETF was -6%. For the same stocks of the ETF, the average monthly volume growth was 0% and the average quarterly volume growth was 6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 51
Price Growth Rating: 38
SMR Rating: 40
Profit Risk Rating: 37
Seasonality Score: 17 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
First Trust Exchange-Traded Fund1001 Warrenville Road, Suite 300Lisle
Phone
630-241-4141
Web
www.ftportfolios.com
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EDOW and

Correlation & Price change

A.I.dvisor indicates that over the last year, EDOW has been closely correlated with DIA. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if EDOW jumps, then DIA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EDOW
1D Price
Change %
EDOW100%
-0.16%
DIA - EDOW
82%
Closely correlated
-0.19%
IWD - EDOW
81%
Closely correlated
-0.20%
VTV - EDOW
81%
Closely correlated
-0.21%
SCHD - EDOW
80%
Closely correlated
-0.19%
VYM - EDOW
79%
Closely correlated
-0.21%