First Trust Nasdaq Semiconductor ETF (FTXL)

First Trust Nasdaq Semiconductor ETF is trading at $229.51, down 5.88% on the session. The 50 day average sits at $250.08 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 51.9, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $235.79 with resistance near $245.67, so that band frames the current range. Average daily movement is roughly $11.34, or about 4.9% of the share price, which is what any stop placement has to allow for. The overall health score of 45 out of 100 combines a trend score of 32, momentum of 63 and a risk score of 40.

The fund invests at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to provide exposure to U.S. companies comprising the semiconductor sector that have been selected based upon their liquidity and ranking. It is non-diversified.