First Trust Nasdaq Oil & Gas ETF (FTXN)

First Trust Nasdaq Oil & Gas ETF is trading at $40.10, up 0.10% on the session. The 50 day average sits at $35.83 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 66.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $35.74 with resistance near $39.21, so that band frames the current range. Average daily movement is roughly $0.78, or about 2.0% of the share price, which is what any stop placement has to allow for. The overall health score of 72 out of 100 combines a trend score of 72, momentum of 83 and a risk score of 55.

The fund will normally invest at least 80% 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 oil and gas sector that have been selected based upon their liquidity and ranking. It is non-diversified.