EDOW Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

First Trust Dow 30 Equal Weight ETF (EDOW) Moving Averages Convergence Divergence (MACD) indicator is 0.25, suggesting EDOW is Buy.

First Trust Dow 30 Equal Weight ETF (EDOW) 20-Day simple moving average is 42.13, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Buy.

First Trust Dow 30 Equal Weight ETF (EDOW) 60-Day simple moving average is 41.96, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Buy.

Technical Analysis for EDOW

Technical Sentiment Analysis for First Trust Dow 30 Equal Weight ETF (EDOW). As of 2026-05-05, 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 53.78, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.25, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 49.06 and the Commodity Channel Index (CCI) at 14.93 further confirm a -0.16 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, EDOW is trading above its 60-day moving average of $41.96 and above its 200-day long-term moving average of $40.91. Key price levels to watch include the immediate resistance at $42.83 and strong support at $41.98. A break above $42.83 could signal a bull continuation, while falling below $41.98 may test the next Fibonacci floor at $41.61.

First Trust Dow 30 Equal Weight ETF (EDOW) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	41.14	41.61	41.98	42.46	42.83	43.31	43.68
Fibonacci	41.61	41.94	42.14	42.46	42.78	42.98	43.31

First Trust Dow 30 Equal Weight ETF (EDOW) Technical Indicators

2026-05-05

Name	Value
Relative Strength Index (RSI)	53.78
Stochastic Oscillator	49.06
Stochastic RSI	62.83
Commodity Channel Index (CCI)	14.93
Awesome Oscillator	0.92
Momentum	-0.16
MACD	0.25

First Trust Dow 30 Equal Weight ETF (EDOW) Relative Strength Index (RSI) is 53.78, creating a Neutral signal.

First Trust Dow 30 Equal Weight ETF (EDOW) Stochastic Oscillator is 49.06, creating a Neutral signal.

First Trust Dow 30 Equal Weight ETF (EDOW) Stochastic RSI is 62.83, creating a Neutral signal.

First Trust Dow 30 Equal Weight ETF (EDOW) Commodity Channel Index (CCI) is 14.93, creating a Neutral signal.

First Trust Dow 30 Equal Weight ETF (EDOW) Awesome Oscillator is 0.92, creating a Buy signal.

First Trust Dow 30 Equal Weight ETF (EDOW) Momentum is -0.16, creating a Sell signal.

First Trust Dow 30 Equal Weight ETF (EDOW) MACD is 0.25, creating a Buy signal.

First Trust Dow 30 Equal Weight ETF (EDOW) Moving Average

2026-05-05

Period	Simple	Signal
5-Day	42.35	Sell
10-Day	42.35	Sell
20-Day	42.13	Buy
60-Day	41.96	Buy
200-Day	40.91	Buy
250-Day	40.22	Buy

First Trust Dow 30 Equal Weight ETF (EDOW) 5-Day simple moving average is 42.35, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Sell.

First Trust Dow 30 Equal Weight ETF (EDOW) 10-Day simple moving average is 42.35, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Sell.

First Trust Dow 30 Equal Weight ETF (EDOW) 20-Day simple moving average is 42.13, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Buy.

First Trust Dow 30 Equal Weight ETF (EDOW) 60-Day simple moving average is 41.96, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Buy.

First Trust Dow 30 Equal Weight ETF (EDOW) 200-Day simple moving average is 40.91, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Buy.

First Trust Dow 30 Equal Weight ETF (EDOW) 250-Day simple moving average is 40.22, while First Trust Dow 30 Equal Weight ETF (EDOW) share price is $42.1939, making it Buy.