FIRST TRUST NASDAQ ABA CBIF (QABA) Stock Technical Analysis
NASDAQ:QABA - Nasdaq - US33736Q1040 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to QABA. QABA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
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 comparing the yearly performance of all stocks, we notice that QABA is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
QABA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QABA is lagging the market slightly.
QABA has an average technical rating and it also 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
45.69
57.00
We found 1 important support area.
- A support zone ranging from 46.15 to 46.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 53.34 to 55.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @56.44 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for QABA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QABA is up. |
| ChartMill Relative Strength | 73.8 | POSITIVE | QABA has a high relative strength, it outperformed 73.8% off all stocks 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) | UP | MIXED | The current price of QABA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.03 | NEUTRAL | The RSI value for QABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests QABA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.72 | NEUTRAL | The Stochastics value for QABA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for QABA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.13 | 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 (5/22/2025, 11:34:50 AM)
52.73
-0.05 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.09%
1 Week-2.76%
2 Weeks1.62%
1 Month4.37%
3 Month-5.42%
6 Month-15.22%
12 Month16.18%
2 Year41.16%
3 Year-1.62%
5 Year49.1%
10 Year40.6%
15 Year115.17%
Volatility
ATR(14)0.84
ATR(20)%1.62%
ATR Inc1.16%
Range Today0.49
ADR(20)0.66
ADR(20)%1.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.8
Mansfield-0.28
10 Day High55.26
10 Day Low52.22
20 Day High55.26
20 Day Low49.9
52 Week High64.3
52 Week Low42.97
CS1 End46.82
CR1 Start53.34
Volume & EV
DER(3)-5.66%
DER(5)-3.4%
Volume2.97K
Volume Incr-66.51%
Vol(5)4.02K
Vol(50)36.82K