FIRST TRUST NASDQ 100 TECH I (QTEC) Stock Technical Analysis
NASDAQ:QTEC - US3373451026 - ETF
210.73 USD
-2.13 (-1%)
210.73 USD
0 (0%)
Taking everything into account, QTEC scores 5 out of 10 in our technical rating. In the last year, QTEC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
QTEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QTEC is lagging the market slightly.
When compared to the yearly performance of all other stocks, QTEC outperforms 68% of them, which is more or less in line with the market.
In the last month QTEC has a been trading in a tight range between 206.24 and 216.60.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, QTEC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 209.58, a Stop Loss order could be placed below this zone.
More info and screens
154.45
221.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 208.94 to 209.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @189.98 from a horizontal line in the daily time frame.
- Support @156.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 210.92 to 218.82. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 68.75 | NEUTRAL | QTEC is not amongst the best or worst performers 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) | 45.36 | NEUTRAL | The RSI value for QTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests QTEC has a negative trend. |
| Stochastics (14,3) | 67.12 | NEUTRAL | The Stochastics value for QTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for QTEC suggests low volalility. |
| Average Directional Index/ADX (14) | 11.16 | 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)
210.73
-2.13 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1%
1 Week-0.9%
2 Weeks-1.58%
1 Month-0.96%
3 Month4.34%
6 Month14.66%
12 Month19.58%
2 Year45.06%
3 Year100.96%
5 Year79.77%
10 Year435.26%
15 Year831.2%
Volatility
ATR(14)2.87
ATR(20)%1.43%
ATR Inc60.11%
Range Today3.14
ADR(20)2.66
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.75
Mansfield-0.01
10 Day High216.43
10 Day Low206.24
20 Day High216.6
20 Day Low206.24
52 Week High221.43
52 Week Low143.8
CS1 End209.58
CR1 Start210.92
Volume & EV
DER(3)2.32%
DER(5)1.41%
Volume102.50K
Volume Incr-38.09%
Vol(5)72.56K
Vol(50)112.69K