FIRST TRUST NASDAQ-100 EX-TE (QQXT) Stock Technical Analysis
USA - NASDAQ:QQXT - US33733E4017 - ETF
Taking everything into account, QQXT scores 2 out of 10 in our technical rating. QQXT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
QQXT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 97.17, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
83.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 96.97 to 97.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 84.34 to 87.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 97.70 to 99.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 101.14 to 101.23. 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 | NEUTRAL | NEUTRAL | The long term trend for QQXT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQXT is neutral. |
| ChartMill Relative Strength | 47.1 | NEUTRAL | QQXT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QQXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QQXT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.97 | NEUTRAL | The RSI value for QQXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests QQXT has a negative trend. |
| Stochastics (14,3) | 38.19 | NEUTRAL | The Stochastics value for QQXT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for QQXT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.39 | NEGATIVE | The low ADX value for QQXT suggests a weak or negative trend. |
97.58
-0.34 (-0.35%)
FIRST TRUST NASDAQ-100 EX-TE / QQXT FAQ
What is the ChartMill technical rating of FIRST TRUST NASDAQ-100 EX-TE (QQXT) stock?
ChartMill assigns a technical rating of 2 / 10 to QQXT.
Can you provide the trend direction for FIRST TRUST NASDAQ-100 EX-TE?
The current trend direction for FIRST TRUST NASDAQ-100 EX-TE (QQXT) is Bearish.
What is the RSI signal for QQXT stock?
FIRST TRUST NASDAQ-100 EX-TE (QQXT) has an RSI value of 44.9655. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST TRUST NASDAQ-100 EX-TE?
The short term momentum for FIRST TRUST NASDAQ-100 EX-TE (QQXT) is neutral.
Can you provide the support and resistance levels for FIRST TRUST NASDAQ-100 EX-TE?
FIRST TRUST NASDAQ-100 EX-TE (QQXT) has a support level at 97.17 and a resistance level at 97.7. Check the full technical report for our detailed analysis of QQXT support and resistance levels.