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Technical Sentiment Analysis for First Trust Dow 30 Equal Weight ETF (EDOW). As of 2026-03-03, First Trust Dow 30 Equal Weight ETF (EDOW) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 7 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EDOW stands at 46.73, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.14, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 29.33 and the Commodity Channel Index (CCI) at -189.18 further confirm a -0.48 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, EDOW is trading above its 60-day moving average of $42.24 and above its 200-day long-term moving average of $40.05. Key price levels to watch include the immediate resistance at $43.56 and strong support at $42.31. A break above $43.56 could signal a bull continuation, while falling below $42.31 may test the next Fibonacci floor at $41.58.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 41.06 | 41.58 | 42.31 | 42.83 | 43.56 | 44.08 | 44.81 |
| Fibonacci | 41.58 | 42.06 | 42.36 | 42.83 | 43.31 | 43.61 | 44.08 |
2026-03-03
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 46.73 |
| Stochastic Oscillator | 29.33 |
| Stochastic RSI | 31.62 |
| Commodity Channel Index (CCI) | -189.18 |
| Awesome Oscillator | 0.2 |
| Momentum | -0.48 |
| MACD | 0.14 |
2026-03-03
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 42.98 | Sell |
| 10-Day | 43.03 | Sell |
| 20-Day | 43.12 | Sell |
| 60-Day | 42.24 | Buy |
| 200-Day | 40.05 | Buy |
| 250-Day | 39.12 | Buy |