First Trust NASDAQ-100- Technology Index ETF Forecast

$190.68
-0.320 (-0.168%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Red day on Thursday for First Trust NASDAQ-100- Technology Index ETF after losing 0.168%
(Updated on Mar 28, 2024)

Buy candidate since Mar 20, 2024 Gain 0.36% PDF

The First Trust NASDAQ-100- Technology Index ETF price fell by -0.168% on the last day (Thursday, 28th Mar 2024) from $191.00 to $190.68. During the last trading day the ETF fluctuated 0.625% from a day low at $190.40 to a day high of $191.59. The price has fallen in 5 of the last 10 days but is still up by 0.97% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -103 thousand shares and in total, 59 thousand shares were bought and sold for approximately $11.21 million.

The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.77% during the next 3 months and, with a 90% probability hold a price between $208.57 and $224.50 at the end of this 3-month period.

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QTEC Signals & Forecast

The First Trust NASDAQ-100- Technology Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $190.72. On a fall, the ETF will find some support from the long-term average at approximately $189.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for First Trust NASDAQ-100- Technology Index ETF

First Trust NASDAQ-100- Technology Index finds support from accumulated volume at $189.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $1.19 between high and low, or 0.625%. For the last week the ETF has had daily average volatility of 0.99%.

Our recommended stop-loss: $182.57 (-4.25%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (QTEC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Trust NASDAQ-100- Technology Index Fund to open at $190.89, and during the day (based on 14 day Average True Range), to move between $187.65 and $193.71, which gives a possible trading interval of +/-$3.03 (+/-1.59%) up or down from last closing price. If First Trust NASDAQ-100- Technology Index Fund takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $190.72 (0.02%) than the support at $189.83 (0.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Trust NASDAQ-100- Technology Index Fund ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust NASDAQ-100- Technology Index ETF to perform well in the short-term.

Current score: 2.232 Buy Candidate Unchanged

Predicted Opening Price for First Trust NASDAQ-100- Technology Index Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$190.89 ( 0.110%) $190.68

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QTEC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 192.08 0.734 %
R2 191.63 0.496 %
R1 191.34 0.349 %
Current price: 190.68
Support S1 190.44 -0.128 %
S2 190.15 -0.276 %
S3 189.70 -0.514 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.75 1.09 %
R2 191.00 0.168 %
R1 190.72 0.0210 %
Current price 190.68
Support S1 189.83 -0.446%
S2 174.52 -8.47%
S3 170.04 -10.82%

QTEC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.0084 0.0044%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.0312 0.0178%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.0310 0.0213%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.0590 0.0401%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.117 0.0896%

FAQ

What is the symbol for First Trust NASDAQ-100- Technology Index Fund ETF and on which exchange is it traded?
The symbol for First Trust NASDAQ-100- Technology Index Fund is QTEC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust NASDAQ-100- Technology Index Fund ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust NASDAQ-100- Technology Index ETF to perform well in the short-term.

How to buy First Trust NASDAQ-100- Technology Index Fund ETF?
First Trust NASDAQ-100- Technology Index Fund ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust NASDAQ-100- Technology Index Fund ETF.

What's the current price of First Trust NASDAQ-100- Technology Index Fund ETF?
As of the end of day on the 2024-03-28, the price of an First Trust NASDAQ-100- Technology Index Fund (QTEC) share was $190.68.

What is the 52-week high and low for First Trust NASDAQ-100- Technology Index Fund ETF?
The 52-week high for First Trust NASDAQ-100- Technology Index Fund ETF is $196.30 and the 52-week low is $118.86.

What is the market capitalization of First Trust NASDAQ-100- Technology Index Fund ETF?
As of the 2024-03-28, the market capitalization of First Trust NASDAQ-100- Technology Index Fund is 3.942B.
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About First Trust NASDAQ-100- Technology Index Fund

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index(SM). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as ... QTEC Profile

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