FIRST TRUST NASDAQ-100 EX-TE (QQXT) Stock Technical Analysis
NASDAQ:QQXT - Nasdaq - US33733E4017 - ETF - Currency: USD
Taking everything into account, QQXT scores 8 out of 10 in our technical rating. Although QQXT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
QQXT 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 a resistance zone just above the current price starting at 98.19. Right above this resistance zone may be a good entry point.
More info and screens
83.50
We found 2 important support areas.
- A support zone ranging from 93.16 to 94.21. 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 84.34 to 88.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 98.85 to 99.49. 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 QQXT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QQXT is up. |
| ChartMill Relative Strength | 67.85 | NEUTRAL | QQXT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQXT is above the rising 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) | 56.89 | NEUTRAL | The RSI value for QQXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests QQXT has a negative trend. |
| Stochastics (14,3) | 61.44 | NEUTRAL | The Stochastics value for QQXT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for QQXT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for QQXT 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 |
|---|---|---|---|
| 99.50 | 96.97 | 2.53 (2.54%) | 25.00% |
| An entry @99.50. This is a Buy Stop order right above the resistance zone. | An exit @96.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.53 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- 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:QQXT (6/10/2025, 3:38:01 PM)
98.47
+0.34 (+0.35%)