FIRST TRUST NASDAQ ABA CBIF (QABA) Stock Technical Analysis
NASDAQ:QABA - US33736Q1040 - ETF
58.4629 USD
-0.54 (-0.92%)
Taking everything into account, QABA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QABA is only an average performer.
The long and short term trends are both positive. This is looking good!
QABA 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 QABA is lagging the market slightly.
QABA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, QABA outperforms 64% of them, which is more or less in line with the market.
Although QABA has an excellent technical rating, it does not offer a high quality setup 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
48.00
59.72
When analyzing the support we can see 4 important areas.
- Support @58.36 from a horizontal line in the weekly time frame.
- A support zone ranging from 55.20 to 57.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.39 to 51.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.48 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.59 to 59.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 QABA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QABA is up. |
| ChartMill Relative Strength | 64.34 | NEUTRAL | QABA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QABA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QABA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of QABA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.19 | NEUTRAL | The RSI value for QABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests QABA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.55 | OVERBOUGHT | The high Stochastics value suggests QABA may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for QABA suggests low volalility. |
| Average Directional Index/ADX (14) | 25 | POSITIVE | The high ADX value value for QABA suggests a strong 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:QABA (9/5/2025, 8:00:01 PM)
58.4629
-0.54 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.92%
1 Week-0.65%
2 Weeks4.88%
1 Month10.19%
3 Month10.05%
6 Month9.53%
12 Month12.54%
2 Year47.11%
3 Year16.07%
5 Year84.19%
10 Year52.8%
15 Year164.9%
Volatility
ATR(14)0.81
ATR(20)%1.46%
ATR Inc38.15%
Range Today1.26
ADR(20)0.74
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.34
Mansfield-0.27
10 Day High59.51
10 Day Low56.12
20 Day High59.51
20 Day Low53.36
52 Week High64.3
52 Week Low45.06
CS1 End58.36
CR1 Start58.59
Volume & EV
DER(3)-10.57%
DER(5)-6.86%
Volume13.70K
Volume Incr-77.34%
Vol(5)6.10K
Vol(50)41.38K