FIRST TRUST NASDAQ BUYWRITE (FTQI) Stock Technical Analysis
NASDAQ:FTQI - Nasdaq - US33738R4074 - ETF - Currency: USD
Overall FTQI gets a technical rating of 8 out of 10. 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 49% of all stocks.
In the last month FTQI has a been trading in a tight range between 19.44 and 20.32.
Considerably lower volume is observed in the last couple of days.
Although FTQI has an excellent technical rating, it does not present a decent entry opportunity 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 20.11. 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.
- A support zone ranging from 18.79 to 18.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance 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 | 49.37 | 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) | 70.38 | OVERBOUGHT | The high RSI value suggests FTQI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FTQI has a positive trend. |
| Stochastics (14,3) | 95.1 | OVERBOUGHT | The high Stochastics value suggests FTQI may be overbought. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for FTQI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.83 | 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 (8/12/2025, 8:00:01 PM)
20.31
+0.14 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.68%
1 Week2.06%
2 Weeks2.47%
1 Month3.41%
3 Month5.67%
6 Month-4.74%
12 Month0.54%
2 Year3.57%
3 Year0.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.71%
ATR Inc-28.67%
Range Today0.13
ADR(20)0.12
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.37
Mansfield-0.75
10 Day High20.32
10 Day Low19.55
20 Day High20.32
20 Day Low19.44
52 Week High21.49
52 Week Low16.25
CS1 End20.11
CR1 Start21.46
Volume & EV
DER(3)-5.6%
DER(5)-4.38%
Volume307.50K
Volume Incr-21.71%
Vol(5)179.46K
Vol(50)278.08K