First Trust NASDAQ-100 Ex-Technology ETF Forecast

$91.07
+1.07 (+1.19%)
At Close: Mar 27, 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.
AI Analysis of QQXT
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

First Trust NASDAQ-100 Ex-Technology ETF price ended at $91.07 on Wednesday, after gaining 1.19%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 1.86% PDF

The First Trust NASDAQ-100 Ex-Technology ETF price gained 1.19% on the last trading day (Wednesday, 27th Mar 2024), rising from $90.00 to $91.07. During the last trading day the ETF fluctuated 0.497% from a day low at $90.62 to a day high of $91.07. The price has been going up and down for this period, and there has been a 1.46% gain for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 4 thousand shares were bought and sold for approximately $400.34 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $91.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.59% during the next 3 months and, with a 90% probability hold a price between $91.83 and $94.45 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

QQXT Signals & Forecast

The First Trust NASDAQ-100 Ex-Technology ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $90.39 and $89.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 2.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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

First Trust NASDAQ-100 Ex-Technology finds support from accumulated volume at $90.81 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.450 between high and low, or 0.497%. For the last week the ETF has had daily average volatility of 0.463%

Our recommended stop-loss: $86.46 (-5.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (QQXT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Trust NASDAQ-100 Ex-Technology Sector Index Fund to open at $90.92, and during the day (based on 14 day Average True Range), to move between $90.45 and $91.69, which gives a possible trading interval of +/-$0.623 (+/-0.68%) up or down from last closing price. If First Trust NASDAQ-100 Ex-Technology Sector Index Fund takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $90.81, some $0.260 (0.29%) from the current price of $91.07, our system finds the risk reward attractive.

Is First Trust NASDAQ-100 Ex-Technology Sector 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 Ex-Technology ETF to perform well in the short-term.

Current score: 3.245 Buy Candidate Unchanged

Predicted Opening Price for First Trust NASDAQ-100 Ex-Technology Sector Index Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$90.92 ( 0.165%) $91.07

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

Trading levels for QQXT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 91.37 0.329 %
R2 91.20 0.141 %
R1 91.09 0.0240 %
Current price: 91.07
Support S1 90.75 -0.353 %
S2 90.64 -0.470 %
S3 90.47 -0.659 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 91.07
Support S1 90.81 -0.285%
S2 88.43 -2.90%
S3 87.63 -3.78%

QQXT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.289 0.318%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.405 0.459%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.187 0.230%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.159 0.189%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.217 0.263%

FAQ

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

Should I buy or sell First Trust NASDAQ-100 Ex-Technology Sector 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 Ex-Technology ETF to perform well in the short-term.

How to buy First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF?
First Trust NASDAQ-100 Ex-Technology Sector 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 Ex-Technology Sector Index Fund ETF.

What's the current price of First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF?
As of the end of day on the 2024-03-27, the price of an First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) share was $91.07.

What is the 52-week high and low for First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF?
The 52-week high for First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF is $91.08 and the 52-week low is $75.78.

What is the market capitalization of First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF?
As of the 2024-03-27, the market capitalization of First Trust NASDAQ-100 Ex-Technology Sector Index Fund is 158.471M.
Click to get the best stock tips daily for free!

About First Trust NASDAQ-100 Ex-Technology Sector 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 Ex-Tech 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 not classified as... QQXT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT