Overall QTEC gets a technical rating of 7 out of 10. In the last year, QTEC was one of the better performers, but we do observe some doubts in the very recent evolution.
Although QTEC has an excellent technical rating, the quality of the presented setup is not ideal 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
4 important support areas can be observed.
- A support zone ranging from 229.42 to 232.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 222.22 to 224.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 213.75 to 216.59. 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 | 74.99 | POSITIVE | QTEC has a high relative strength, it outperformed 74.99% 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) | DOWN | MIXED | The current price of QTEC is above a declining 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) | 51.68 | NEUTRAL | The RSI value for QTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests QTEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.74 | NEUTRAL | The Stochastics value for QTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for QTEC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for QTEC suggests a weak or negative trend. |
233.46
+3.43 (+1.49%)
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 51.6764. 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 232.81 and a resistance level at 241.82. Check the full technical report for our detailed analysis of QTEC support and resistance levels.