FIRST TRUST NASDQ 100 TECH I (QTEC) Stock Technical Analysis
NASDAQ:QTEC - Nasdaq - US3373451026 - ETF - Currency: USD
Taking everything into account, QTEC scores 8 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
QTEC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month QTEC has a been trading in the 189.89 - 213.55 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, QTEC did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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
152.68
213.86
We found 4 important support areas.
- A support zone ranging from 199.75 to 210.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 191.77 to 194.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @187.33 from a horizontal line in the daily time frame.
- Support @154.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 211.59 to 211.74. 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 | 75.87 | POSITIVE | QTEC has a high relative strength, it outperformed 75.87% off all stocks 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) | 70.99 | OVERBOUGHT | The high RSI value suggests QTEC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests QTEC has a positive trend. |
| Stochastics (14,3) | 92.54 | OVERBOUGHT | The high Stochastics value suggests QTEC may be overbought. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for QTEC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for QTEC suggests a possible start of a new 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)
211.58
-0.15 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.07%
1 Week4.42%
2 Weeks3.21%
1 Month9.24%
3 Month21.24%
6 Month9.83%
12 Month7.15%
2 Year43.78%
3 Year84.93%
5 Year93.97%
10 Year398.77%
15 Year983.91%
Volatility
ATR(14)3.19
ATR(20)%1.57%
ATR Inc-25.53%
Range Today3.11
ADR(20)2.92
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.87
Mansfield0.4
10 Day High213.55
10 Day Low200.92
20 Day High213.55
20 Day Low189.89
52 Week High213.55
52 Week Low143.8
CS1 End210.67
CR1 Start211.59
Volume & EV
DER(3)4.17%
DER(5)3.91%
Volume150.60K
Volume Incr15.68%
Vol(5)159.14K
Vol(50)201.75K