FIRST TRUST NASDAQ BUYWRITE (FTQI) Stock Technical Analysis
NASDAQ:FTQI - Nasdaq - US33738R4074 - ETF - Currency: USD
Overall FTQI gets a technical rating of 7 out of 10. In the last year, FTQI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, FTQI outperforms 46% of them, which is more or less in line with the market.
FTQI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTQI is lagging the market.
In the last month FTQI has a been trading in a tight range between 19.20 and 19.84.
Although FTQI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.60
21.67
When analyzing the support we notice one important area.
- Support @18.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.59 to 19.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 20.81 to 21.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FTQI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTQI is up. |
| ChartMill Relative Strength | 46.06 | NEUTRAL | FTQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FTQI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTQI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FTQI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.23 | NEUTRAL | The RSI value for FTQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FTQI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.3 | OVERBOUGHT | The high Stochastics value suggests FTQI may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for FTQI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for FTQI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:FTQI (7/22/2025, 12:20:05 PM)
19.51
-0.27 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.37%
1 Week0.61%
2 Weeks1.33%
1 Month2.81%
3 Month6.63%
6 Month-6.83%
12 Month-0.95%
2 Year-0.95%
3 Year-6.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.53%
ATR Inc-10.68%
Range Today0.17
ADR(20)0.09
ADR(20)%0.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.06
Mansfield-0.87
10 Day High19.84
10 Day Low19.52
20 Day High19.84
20 Day Low19.2
52 Week High21.49
52 Week Low16.25
CS1 End19.68
CR1 Start19.93
Volume & EV
DER(3)3.98%
DER(5)-1.02%
Volume190.57K
Volume Incr24.6%
Vol(5)348.42K
Vol(50)262.48K