FIRST TRUST NASDAQ BUYWRITE (FTQI) Stock Technical Analysis
USA - NASDAQ:FTQI - US33738R4074 - ETF
20.5 USD
+0.03 (+0.15%)
We assign a technical rating of 7 out of 10 to FTQI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FTQI is only an average performer.
The long and short term trends are both positive. This is looking good!
FTQI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTQI is lagging the market slightly.
When comparing the performance of all stocks over the past year, FTQI turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
In the last month FTQI has a been trading in a tight range between 19.73 and 20.51.
Volume is considerably higher in the last couple of days.
Although FTQI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.60
21.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.59 to 20.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.21 from a horizontal line 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 21.46 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 | 46.41 | 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) | 66.14 | NEUTRAL | The RSI value for FTQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FTQI has a positive trend. |
| Stochastics (14,3) | 96.3 | OVERBOUGHT | The high Stochastics value suggests FTQI may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for FTQI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.8 | 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)
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 |
|---|---|---|---|
| 20.52 | 19.74 | 0.78 (3.80%) | 25.00% |
| An entry @20.52. This is a Buy Stop order right above the 10 day high. | An exit @19.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.78 points, which is 3.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- 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 (9/12/2025, 8:00:01 PM)
20.5
+0.03 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week1.54%
2 Weeks1.64%
1 Month0.84%
3 Month6.72%
6 Month6.99%
12 Month0.89%
2 Year8.64%
3 Year13.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.78%
ATR Inc-58.35%
Range Today0.04
ADR(20)0.14
ADR(20)%0.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.41
Mansfield-0.77
10 Day High20.51
10 Day Low19.75
20 Day High20.51
20 Day Low19.73
52 Week High21.49
52 Week Low16.25
CS1 End20.27
CR1 Start21.46
Volume & EV
DER(3)-11.64%
DER(5)-5.51%
Volume179.60K
Volume Incr108.37%
Vol(5)315.12K
Vol(50)221.20K