FIRST TRUST NASDAQ BUYWRITE (FTQI) Stock Technical Analysis
USA - NASDAQ:FTQI - US33738R4074 - ETF
20.59 USD
-0.04 (-0.19%)
Taking everything into account, FTQI scores 7 out of 10 in our technical rating. 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.
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 47% of all stocks.
In the last month FTQI has a been trading in a tight range between 20.22 and 20.82.
FTQI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 20.55, a Stop Loss order could be placed below this zone.
More info and screens
18.60
21.67
4 important support areas can be observed.
- A support zone ranging from 20.03 to 20.55. 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 @19.21 from a horizontal line in the daily time frame.
- Support @18.79 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.60 to 20.74. 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 21.33 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 | 47.96 | 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) | 57.83 | NEUTRAL | The RSI value for FTQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FTQI has a negative trend. |
| Stochastics (14,3) | 59.71 | NEUTRAL | The Stochastics value for FTQI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.59 | LOW VOLATILITY | The low ATR as a percentage value for FTQI suggests low volalility. |
| Average Directional Index/ADX (14) | 15.64 | 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 |
|---|---|---|---|
| 20.75 | 20.28 | 0.47 (2.26%) | 25.00% |
| An entry @20.75. This is a Buy Stop order right above the resistance zone. | An exit @20.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 2.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- 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 (10/3/2025, 8:00:01 PM)
20.59
-0.04 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.19%
1 Week0.59%
2 Weeks-0.63%
1 Month1.98%
3 Month4.94%
6 Month20.41%
12 Month0.54%
2 Year10.82%
3 Year10.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.59%
ATR Inc1.84%
Range Today0.14
ADR(20)0.11
ADR(20)%0.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.96
Mansfield-0.81
10 Day High20.82
10 Day Low20.29
20 Day High20.82
20 Day Low20.22
52 Week High21.49
52 Week Low16.25
CS1 End20.55
CR1 Start20.6
Volume & EV
DER(3)-6.36%
DER(5)-5.61%
Volume132.00K
Volume Incr-20.76%
Vol(5)145.60K
Vol(50)166.78K