FIRST TRUST NASDAQ CLEAN EDG (QCLN) Technical Analysis
NASDAQ:QCLN • US33733E5006
Current stock price
QCLN Technical Rating and Analysis
Taking everything into account, QCLN scores 5 out of 10 in our technical rating. QCLN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Looking at the yearly performance, QCLN did better than 87% of all other stocks. On top of that, QCLN also shows a nice and consistent pattern of rising prices.
- QCLN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so QCLN is performing more or less in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month QCLN has a been trading in the 44.15 - 52.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QCLN Weekly and Daily overview Charts
QCLN Setup Rating and Analysis
QCLN has an average technical rating and also the quality of the setup is only medium 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
QCLN Support and Resistance Analysis
41.83
2 important support areas can be observed.
- A support zone ranging from 44.59 to 45.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.25 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @45.79 from a trend line in the daily time frame.
- A resistance zone ranging from 47.19 to 48.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @50.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 51.86 to 51.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
QCLN Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for QCLN is down. |
| ChartMill Relative Strength | 87.06 | POSITIVE | QCLN has a high relative strength, it outperformed 87.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QCLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QCLN is below 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) | 41.19 | NEUTRAL | The RSI value for QCLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests QCLN has a negative trend. |
| Stochastics (14,3) | 57.67 | NEUTRAL | The Stochastics value for QCLN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for QCLN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for QCLN suggests a possible start of a new trend. |
QCLN Chart- and CandleStick Pattern Analysis
QCLN Technicals: Chart, Performance Metrics, Trend & Indicators
45.78
-2.1 (-4.38%)
FIRST TRUST NASDAQ CLEAN EDG / QCLN TA FAQ
Can you provide the ChartMill technical rating for FIRST TRUST NASDAQ CLEAN EDG?
ChartMill assigns a technical rating of 5 / 10 to QCLN.
What is the current trend direction of FIRST TRUST NASDAQ CLEAN EDG (QCLN) stock?
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 41.1859. This indicates that the stock is currently neutral.
What is the MACD signal for FIRST TRUST NASDAQ CLEAN EDG (QCLN) stock?
The MACD indicator for FIRST TRUST NASDAQ CLEAN EDG (QCLN) has a value of -0.0829301, indicating a bearish trend.
What is the buy/sell signal for FIRST TRUST NASDAQ CLEAN EDG (QCLN) stock?
The buy/sell signal for FIRST TRUST NASDAQ CLEAN EDG (QCLN) is hold as the short term and long term trends are mixed.