QTEC - First Trust NASDAQ-100- Technology Index Fund

Exchange: NASDAQ

QTEC - First Trust NASDAQ-100- Technology Index Fund

Exchange: NASDAQ
#3065()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.83%
PRICE $78.53
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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First Trust NASDAQ-100- Technology Index Fund Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Hold candidate since 2018-09-14 Loss -0.58%
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 gained 0.83% in the last trading day, rising from $77.88 to $78.53 The price has fallen in 6 of the last 10 days and is down by -2.79% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 848 more shares were traded than the day before. In total, 107 326 shares bought and sold for approximately $8.43 million.

Trend

Given the current horizontal trend you can expect First Trust NASDAQ-100- Technology Index Fund with 90% probability to be traded between $76.99 and $82.46 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. First Trust NASDAQ-100- Technology Index Fund holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $79.47. On a fall, the stock will find some support from the short-term average at $78.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Monday September 17, 2018 and based on theory for this formation the price should go up by 6.25% to $84.17 within 22 trading days since signal was issued (Wednesday October 17, 2018).

Relative Strength Index (RSI)

RSI14 is 32 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

First Trust NASDAQ-100- Technology Index Fund finds support from accumulated volume at $77.92.

Support: $77.92 Price: $78.53 Resistance: $78.90

Risk

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 $0.96 (1.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.15%.

Our recommended stoploss: $73.64 (-6.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Hold/Accumulate

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