Overall QCLN gets a technical rating of 7 out of 10. 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.
QCLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 44.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QCLN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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40.69
2 important support areas can be observed.
- A support zone ranging from 43.75 to 44.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.10 to 42.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @46.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 47.32 to 47.33. This zone is formed by a combination of multiple trend lines 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 | 81.22 | POSITIVE | QCLN has a high relative strength, it outperformed 81.22% 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) | DOWN | MIXED | The current price of QCLN is above a declining 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) | 51.04 | NEUTRAL | The RSI value for QCLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests QCLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.51 | NEUTRAL | The Stochastics value for QCLN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for QCLN suggests some volalility. |
| Average Directional Index/ADX (14) | 9.36 | NEGATIVE | The low ADX value for QCLN suggests a weak or negative 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 |
|---|---|---|---|
| 46.54 | 43.74 | 2.80 (6.02%) | 16.62% |
| An entry @46.54. This is a Buy Stop order right above the resistance zone. | An exit @43.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.80 points, which is 6.02%. | When investing 16.62% 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.
45.58
-0.79 (-1.7%)
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 7 / 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 51.0435. 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 0.0536275, 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 44.46 and a resistance level at 46.53. Check the full technical report for our detailed analysis of QCLN support and resistance levels.