FIRST TRUST NASDAQ CLEAN EDG (QCLN) Stock Technical Analysis
NASDAQ:QCLN - Nasdaq - US33733E5006 - ETF - Currency: USD
Overall QCLN gets a technical rating of 3 out of 10. In the past year, QCLN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
71% of all other stocks performed better in the past year than QCLN.
In the last month QCLN has a been trading in the 27.42 - 32.84 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
QCLN 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 QCLN is lagging the market slightly.
QCLN has a poor technical rating and the quality of the setup is also not perfect 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
29.50
36.75
We found 1 important support area.
- A support zone ranging from 29.80 to 30.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 32.05 to 33.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.84 to 36.39. 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 | DOWN | NEGATIVE | The long term trend for QCLN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QCLN is neutral. |
| ChartMill Relative Strength | 29.48 | NEGATIVE | QCLN has a low relative strength, it was outperformed by 70.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QCLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QCLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QCLN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.2 | NEUTRAL | The RSI value for QCLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests QCLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.74 | NEUTRAL | The Stochastics value for QCLN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for QCLN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | NEGATIVE | The low ADX value for QCLN 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)
31.04
+1.24 (+4.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.16%
1 Week0.06%
2 Weeks-3.3%
1 Month11.61%
3 Month3.29%
6 Month-12.51%
12 Month-15.65%
2 Year-39.33%
3 Year-40.54%
5 Year4.48%
10 Year68.15%
15 Year131.64%
Volatility
ATR(14)0.79
ATR(20)%2.81%
ATR Inc16.85%
Range Today1.34
ADR(20)0.69
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.48
Mansfield-1
10 Day High32.67
10 Day Low29.57
20 Day High32.84
20 Day Low27.42
52 Week High39.25
52 Week Low24.02
CS1 End30.21
CR1 Start32.05
Volume & EV
DER(3)0.5%
DER(5)-1.19%
Volume82.90K
Volume Incr32.35%
Vol(5)105.70K
Vol(50)86.93K