REPORTING FOR 2019-11-12 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how NFTY has been trading over the last 2 weeks and the past day especially. On its latest session, First Trust India Nifty 50 Equal Weight ETF ($NFTY) opened at 34.922, reaching a high of 35.041 and a low of 34.922 before closing at a price of 35.041. There was a total volume of 111.0.
VOLUME INDICATORS FOR FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF ($NFTY): We saw an accumulation-distribution index of 35.041, an on-balance volume of 35.041, chaikin money flow of 0.5 and a force index of 18.81653. There was an ease of movement rating of -0.1188, a volume-price trend of 0.73016 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF ($NFTY): We noted an average true range of 0.64383, bolinger bands of 66.84817, an upper bollinger band of -31.92617, lower bollinger band of 17.461, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 17.48083, high band keltner channel of 17.42133, low band keltner channel of 17.54033, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 34.922, a donchian channel low band of 32.83, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF ($NFTY): We calculated a Moving Average Convergence Divergence (MACD) of 0.78351, a MACD signal of 0.43528, a MACD difference of 0.34823, a fast Exponential Moving Average (EMA) indicator of 18.91608, a slow Exponential Moving Average (EMA) indicator of 18.13258, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.00618, a trix of -100.0, a Mass Index (MI) of 1.8, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 33.81617, a KST Oscillator (KST) of -1000.0 and a KST Oscillator (KST Signal) of -1000.0 (leaving a KST difference of 258.17534). We also found an Ichimoku rating of 17.461, an Ichimoku B rating of 17.461, a Ichimoku visual trend A of 30.94335, an Ichimoku visual trend B of 25.36346, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF ($NFTY): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 50.0, a True Strength Index (TSI) of -100.0, an ultimate oscillator of 50.80438, a stochastic oscillator of 50.0, a stochastic oscillator signal of 50.0, a Williams %R rating of -50.0 and an awesome oscillator of 5.92505.
RETURNS FOR FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF ($NFTY): There was a daily return of -100.0, a daily log return of 1.83856 and a cumulative return of nan.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-12 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for First Trust India Nifty 50 Equal Weight ETF ($NFTY)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling First Trust India Nifty 50 Equal Weight ETF ($NFTY) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.