FIRST TRUST NASDQ 100 TECH I (QTEC) Stock Technical Analysis
NASDAQ:QTEC - Nasdaq - US3373451026 - ETF - Currency: USD
Overall QTEC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QTEC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
QTEC 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 QTEC is performing more or less in line with the market.
In the last month QTEC has a been trading in the 183.81 - 203.39 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, QTEC outperforms 69% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Although QTEC has an excellent technical rating, it does not offer a high quality setup 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
152.15
212.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 191.77 to 191.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 187.33 to 187.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @153.69 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @204.16 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 207.81 to 210.68. 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 QTEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QTEC is up. |
| ChartMill Relative Strength | 69.85 | NEUTRAL | QTEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QTEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QTEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.51 | NEUTRAL | The RSI value for QTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests QTEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.41 | OVERBOUGHT | The high Stochastics value suggests QTEC may be overbought. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for QTEC suggests low volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for QTEC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
201.97
+2.59 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.3%
1 Week4.52%
2 Weeks4.28%
1 Month9.59%
3 Month9.9%
6 Month0.13%
12 Month6.68%
2 Year37.25%
3 Year76.53%
5 Year85.16%
10 Year376.12%
15 Year934.68%
Volatility
ATR(14)3.68
ATR(20)%1.88%
ATR Inc22.95%
Range Today1.89
ADR(20)3.19
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.85
Mansfield0.15
10 Day High203.39
10 Day Low189.59
20 Day High203.39
20 Day Low183.81
52 Week High211.25
52 Week Low143.8
CS1 End191.77
CR1 Start204.16
Volume & EV
DER(3)-4.5%
DER(5)-1.64%
Volume114.80K
Volume Incr-12.36%
Vol(5)162.14K
Vol(50)410.79K