FIRST TRUST NASDAQ CLEAN EDG (QCLN) Stock Technical Analysis
USA - NASDAQ:QCLN - US33733E5006 - ETF
We assign a technical rating of 10 out of 10 to QCLN. Both in the recent history as in the last year, QCLN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, QCLN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 44.86, a Stop Loss order could be placed below this zone.
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40.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.12 to 44.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.28 to 41.52. 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.
- Resistance @47.32 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 | UP | POSITIVE | The long term trend for QCLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QCLN is up. |
| ChartMill Relative Strength | 86.54 | POSITIVE | QCLN has a high relative strength, it outperformed 86.54% 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) | UP | POSITIVE | The current price of QCLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.94 | NEUTRAL | The RSI value for QCLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests QCLN has a negative trend. |
| Stochastics (14,3) | 69.86 | NEUTRAL | The Stochastics value for QCLN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for QCLN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.17 | NEUTRAL | The ADX value for QCLN suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 47.33 | 44.11 | 3.22 (6.80%) | 14.70% |
| An entry @47.33. This is a Buy Stop order right above the resistance zone. | An exit @44.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.22 points, which is 6.80%. | When investing 14.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
45.9808
-0.19 (-0.41%)
FIRST TRUST NASDAQ CLEAN EDG / QCLN FAQ
Can you provide the ChartMill technical rating for FIRST TRUST NASDAQ CLEAN EDG?
ChartMill assigns a technical rating of 10 / 10 to QCLN.
Can you provide the trend direction for FIRST TRUST NASDAQ CLEAN EDG?
The current trend direction for FIRST TRUST NASDAQ CLEAN EDG (QCLN) is Bullish.
What is the RSI signal for QCLN stock?
FIRST TRUST NASDAQ CLEAN EDG (QCLN) has an RSI value of 59.9366. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST TRUST NASDAQ CLEAN EDG?
The MACD indicator for FIRST TRUST NASDAQ CLEAN EDG (QCLN) has a value of -0.141198, indicating a bearish trend.
What is the support and resistance level for QCLN stock?
FIRST TRUST NASDAQ CLEAN EDG (QCLN) has a support level at 44.86 and a resistance level at 47.32. Check the full technical report for our detailed analysis of QCLN support and resistance levels.