Overall QTEC gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although QTEC has an excellent technical rating, it does not present a decent entry opportunity 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.
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206.86
When analyzing the support we can see 2 important areas.
- A support zone ranging from 213.75 to 216.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @208.95 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 241.82 to 243.77. 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 | NEUTRAL | NEUTRAL | The short term trend for QTEC is neutral. |
| ChartMill Relative Strength | 76.88 | POSITIVE | QTEC has a high relative strength, it outperformed 76.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QTEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of QTEC is below 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) | 50.6 | NEUTRAL | The RSI value for QTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests QTEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.37 | NEUTRAL | The Stochastics value for QTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for QTEC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.2 | POSITIVE | The high ADX value value for QTEC suggests a strong trend. |
228.83
+3.15 (+1.4%)
FIRST TRUST NASDQ 100 TECH I / QTEC FAQ
What is the ChartMill technical rating of FIRST TRUST NASDQ 100 TECH I (QTEC) stock?
ChartMill assigns a technical rating of 7 / 10 to QTEC.
What is the current trend direction of FIRST TRUST NASDQ 100 TECH I (QTEC) stock?
The current trend direction for FIRST TRUST NASDQ 100 TECH I (QTEC) is Bullish.
What is the RSI signal for QTEC stock?
FIRST TRUST NASDQ 100 TECH I (QTEC) has an RSI value of 50.6027. This indicates that the stock is currently neutral.
What is the support and resistance level for QTEC stock?
FIRST TRUST NASDQ 100 TECH I (QTEC) has a support level at 216.95 and a resistance level at 241.82. Check the full technical report for our detailed analysis of QTEC support and resistance levels.