FIRST TRUST NASDAQ BUYWRITE (FTQI) Stock Technical Analysis
USA - NASDAQ:FTQI - US33738R4074 - ETF
We assign a technical rating of 7 out of 10 to FTQI. Although FTQI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
FTQI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FTQI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
18.60
We found 3 important support areas.
- A support zone ranging from 20.39 to 20.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.59 to 19.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.26 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 | 51.04 | NEUTRAL | FTQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTQI is above 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 | MIXED | The current price of FTQI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.21 | NEUTRAL | The RSI value for FTQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FTQI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.9 | NEUTRAL | The Stochastics value for FTQI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for FTQI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.88 | NEGATIVE | The low ADX value for FTQI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.03 | 20.48 | 0.55 (2.62%) | 25.00% |
| An entry @21.03. This is a Buy Stop order right above the 10 day high. | An exit @20.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.55 points, which is 2.62%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:FTQI (10/24/2025, 8:00:00 PM)
20.9
+0.13 (+0.63%)
FIRST TRUST NASDAQ BUYWRITE / FTQI FAQ
What is the ChartMill technical rating of FIRST TRUST NASDAQ BUYWRITE (FTQI) stock?
ChartMill assigns a technical rating of 7 / 10 to FTQI.
What is the current trend direction of FIRST TRUST NASDAQ BUYWRITE (FTQI) stock?
The current trend direction for FIRST TRUST NASDAQ BUYWRITE (FTQI) is Bullish.
Can you provide the RSI signal for FIRST TRUST NASDAQ BUYWRITE?
FIRST TRUST NASDAQ BUYWRITE (FTQI) has an RSI value of 57.2117. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST TRUST NASDAQ BUYWRITE?
The MACD indicator for FIRST TRUST NASDAQ BUYWRITE (FTQI) has a value of -0.00925184, indicating a bearish trend.
What is the short term momentum for FTQI stock?
The short term momentum for FIRST TRUST NASDAQ BUYWRITE (FTQI) is positive.