FIRST TRUST NASDAQ CLEAN EDG (QCLN) Stock Technical Analysis
NASDAQ:QCLN - Nasdaq - US33733E5006 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to QCLN. Although QCLN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month QCLN has a been trading in the 34.27 - 37.50 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
QCLN 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 QCLN is lagging the market slightly.
Looking at the yearly performance, QCLN did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although QCLN has an excellent technical rating, the quality of the presented setup is not ideal 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
33.35
37.74
We found 1 important support area.
- A support zone ranging from 33.69 to 34.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.03 to 37.37. 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 QCLN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QCLN is neutral. |
| ChartMill Relative Strength | 70.93 | POSITIVE | QCLN has a high relative strength, it outperformed 70.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QCLN is below 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) | UP | POSITIVE | The current price of QCLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.29 | NEUTRAL | The RSI value for QCLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests QCLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.86 | OVERSOLD | The low Stochastics value suggests QCLN may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for QCLN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.06 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.32 | 34.26 | 1.06 (3.01%) | 25.00% |
| An entry @35.32. This is a Buy Stop order right above the 10 day moving average. | An exit @34.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.06 points, which is 3.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of QCLN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:QCLN (8/8/2025, 8:02:05 PM)
35.19
+0.44 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.27%
1 Week0.6%
2 Weeks-4.96%
1 Month1.53%
3 Month19.41%
6 Month7.12%
12 Month7.91%
2 Year-25.98%
3 Year-45.1%
5 Year-18.75%
10 Year131.82%
15 Year161.44%
Volatility
ATR(14)0.73
ATR(20)%2.11%
ATR Inc12.27%
Range Today0.36
ADR(20)0.67
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.93
Mansfield-0.19
10 Day High37.13
10 Day Low34.27
20 Day High37.5
20 Day Low34.27
52 Week High37.65
52 Week Low24.02
CS1 End34.3
CR1 Start37.03
Volume & EV
DER(3)-0.85%
DER(5)-1.1%
Volume42.10K
Volume Incr35.22%
Vol(5)83.30K
Vol(50)73.93K