QTEC First Trust NASDAQ-100-Tech Sector ETF Forecast, Technical & Fundamental Analysis

Momentum Indicator for QTEC turns positive, indicating new upward trend

QTEC saw its Momentum Indicator move above the 0 level on February 06, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned positive. In of the 91 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for QTEC just turned positive on January 16, 2025. Looking at past instances where QTEC's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

QTEC moved above its 50-day moving average on January 28, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for QTEC crossed bullishly above the 50-day moving average on January 28, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QTEC advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QTEC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

QTEC broke above its upper Bollinger Band on January 21, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for QTEC entered a downward trend on January 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.