USA - NASDAQ:QTEC - US3373451026 - ETF
Overall QTEC gets a technical rating of 8 out of 10. Although QTEC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, QTEC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 231.20, a Stop Loss order could be placed below this zone.
206.85
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice one important area.
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 | 77.2 | POSITIVE | QTEC has a high relative strength, it outperformed 77.2% 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) | 56.22 | NEUTRAL | The RSI value for QTEC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests QTEC has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 56.55 | NEUTRAL | The Stochastics value for QTEC is a neutral value. |
Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for QTEC suggests low volalility. |
Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for QTEC suggests a possible start of a new 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 |
---|---|---|---|
237.71 | 226.51 | 11.20 (4.71%) | 21.22% |
An entry @237.71. This is a Buy Stop order right above the resistance zone. | An exit @226.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.20 points, which is 4.71%. | When investing 21.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
232.57
+0.62 (+0.27%)