Weaker Buy Today QTEC ranks #544 as BUY CANDIDATE. Stronger Buy
Today QTEC ranks #544 as BUY CANDIDATE.

QTEC stock First Trust NASDAQ-100- Technology Index Fund

QTEC stock
First Trust NASDAQ-100- Technology Index Fund

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 1.33%
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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First Trust NASDAQ-100- Technology Index Fund Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Buy candidate since 2018-12-12
Shorts n/a
Cash n/a
Loans n/a
Beta 1.20
ROA 11.27

First Trust NASDAQ-100- Technology Index Fund gained 1.33% in the last trading day, rising from $71.30 to $72.25 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 0.67% over the past 2 weeks. Volume fell in the last day by -57 886 shares, and in total, 181 524 shares bought and sold for approximately $13.12 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

First Trust NASDAQ-100- Technology Index Fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.86% during the next 3 months and, with 90% probability hold a price between $58.12 and $67.50 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 $72.21 and $71.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 07, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 58 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 $71.93.

Support: $71.93 Price: $72.25 Resistance: $73.23

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 $1.13 (1.57%) between high and low. For the last week, the stock has had a daily average volatility of 2.61%.

Our recommended stoploss: $68.94 (-4.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Weaker Buy Today QTEC ranks #544 as BUY CANDIDATE. Stronger Buy
Today QTEC ranks #544 as BUY CANDIDATE.

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