


Technical Sentiment Analysis for First Trust Dow 30 Equal Weight ETF (EDOW). As of 2026-07-02, First Trust Dow 30 Equal Weight ETF (EDOW) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 10 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EDOW stands at 67.09, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.29, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 86.09 and the Commodity Channel Index (CCI) at 233.54 further confirm a 1.3 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, EDOW is trading above its 60-day moving average of $43.1 and above its 200-day long-term moving average of $41.8. Key price levels to watch include the immediate resistance at $44.82 and strong support at $43.41. A break above $44.82 could signal a bull continuation, while falling below $43.41 may test the next Fibonacci floor at $42.78.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 42 | 42.78 | 43.41 | 44.19 | 44.82 | 45.6 | 46.23 |
| Fibonacci | 42.78 | 43.32 | 43.65 | 44.19 | 44.73 | 45.06 | 45.6 |
2026-07-02
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 67.09 |
| Stochastic Oscillator | 86.09 |
| Stochastic RSI | 78.88 |
| Commodity Channel Index (CCI) | 233.54 |
| Awesome Oscillator | 0.51 |
| Momentum | 1.3 |
| MACD | 0.29 |
2026-07-02
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 44.29 | Buy |
| 10-Day | 44.03 | Buy |
| 20-Day | 43.9 | Buy |
| 60-Day | 43.1 | Buy |
| 200-Day | 41.8 | Buy |
| 250-Day | 41.25 | Buy |