FIRST TRUST NASDQ 100 TECH I (QTEC) Stock Technical Analysis
USA - NASDAQ:QTEC - US3373451026 - ETF
232.57 USD
+0.62 (+0.27%)
232.57 USD
0 (0%)
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.
The long and short term trends are both positive. This is looking good!
QTEC is currently trading near its 52 week high, which is a good sign. 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 223.66 - 238.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, QTEC did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
More info and screens
206.85
240.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 226.52 to 231.20. 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 213.75 to 221.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 208.94 to 209.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @237.70 from a horizontal line in the daily time frame.
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. |
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)
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%. |
- 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.
232.57
+0.62 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.27%
1 Week3.47%
2 Weeks-0.3%
1 Month2.17%
3 Month7.21%
6 Month44.25%
12 Month20.42%
2 Year67.03%
3 Year118.23%
5 Year100.37%
10 Year436.49%
15 Year852.77%
Volatility
ATR(14)4.89
ATR(20)%1.81%
ATR Inc-12.15%
Range Today3.21
ADR(20)3.67
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
CRS77.2
Mansfield0.58
10 Day High238.5
10 Day Low224.59
20 Day High238.5
20 Day Low223.66
52 Week High238.5
52 Week Low143.8
CS1 End231.2
CR1 Start237.7
Volume & EV
DER(3)2.53%
DER(5)2.62%
Volume96.40K
Volume Incr33.2%
Vol(5)109.84K
Vol(50)89.98K