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QTEC - First Trust NASDAQ-100- Technology Index Fund

Exchange: NASDAQ

QTEC - First Trust NASDAQ-100- Technology Index Fund

Exchange: NASDAQ

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -0.18%
PRICE $81.25





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First Trust NASDAQ-100- Technology Index Fund Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Hold candidate since 2018-06-15

First Trust NASDAQ-100- Technology Index Fund fell by -0.18% in the last day from $81.40 to $81.25 The price has risen in 6 of the last 10 days and is up by 1.39% over the past 2 weeks. Volume has increased in the last day by 58 674 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 165 011 shares bought and sold for approximately $0.00.

Shorts 1.44% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 1.15
ROA 10.28


First Trust NASDAQ-100- Technology Index Fund lies in the upper part of a weak rising trend in the short term, and this will 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 $82.26 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.51% during the next 3 months and, with 90% probability hold a price between $80.59 and $86.80 at the end of this period.

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First Trust NASDAQ-100- Technology Index Fund holds buy signals from both short- and long-term moving averages. In addition, 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 $80.89 and $78.82. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday June 06, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $75.85 and $74.76.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Trust NASDAQ-100- Technology Index Fund finds support just below today's level at $75.85. If this is broken, then the next support from accumulated volume will be at $74.76 and $73.96.

Support: $75.85 Price: $81.25 Resistance: $81.40


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.80 (0.99%) between high and low. For the last week, the stock has had a daily average volatility of 0.83%.

Our recommended stoploss: $78.86 (-2.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High


First Trust NASDAQ-100- Technology Index Fund holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

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