FIRST TRUST NASDAQ ABA CBIF (QABA) Stock Technical Analysis
USA - NASDAQ:QABA - US33736Q1040 - ETF
We assign a technical rating of 4 out of 10 to QABA. In the last year, QABA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, QABA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 56.69, a Stop Loss order could be placed below this zone.
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47.04
We found 3 important support areas.
- A support zone ranging from 56.49 to 56.69. 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 @47.52 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.52 to 59.13. This zone is formed by a combination of multiple trend lines and important moving averages 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 QABA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QABA is neutral. |
| ChartMill Relative Strength | 58.5 | NEUTRAL | QABA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QABA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QABA is above a declining 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) | 46.92 | NEUTRAL | The RSI value for QABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests QABA has a negative trend. |
| Stochastics (14,3) | 21.44 | NEUTRAL | The Stochastics value for QABA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for QABA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.8 | NEUTRAL | The ADX value for QABA suggests a possible start of a new trend. |
NASDAQ:QABA (9/26/2025, 8:25:06 PM)
57.0301
+0.13 (+0.23%)