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(QTEC) On The My Stocks Page

Longer Term Trading Plans for QTEC
  • Buy QTEC slightly over 187.86 target 199.28 stop loss @ 187.32 Details
  • The technical summary data tells us to buy QTEC near 187.86 with an upside target of 199.28. This data also tells us to set a stop loss @ 187.32 to protect against excessive loss in case the stock begins to move against the trade. 187.86 is the first level of support below 189.94 , and by rule, any test of support is a buy signal. In this case, support 187.86 is being tested, a buy signal would exist.

  • Short QTEC slightly under 199.28, target 187.86, stop loss @ 199.86 Details
  • The technical summary data is suggesting a short of QTEC as it gets near 199.28 with a downside target of 187.86. We should have a stop loss in place at 199.86though. 199.28 is the first level of resistance above 189.94, and by rule, any test of resistance is a short signal. In this case, if resistance 199.28 is being tested, a short signal would exist.

Swing Trading Plans for QTEC
  • Buy QTEC slightly over 193.19, target 199.28, Stop Loss @ 192.63 Details
  • If 193.19 begins to break higher, the technical summary data tells us to buy QTEC just slightly over 193.19, with an upside target of 199.28. The data also tells us to set a stop loss @ 192.63 in case the stock turns against the trade. 193.19 is the first level of resistance above 189.94, and by rule, any break above resistance is a buy signal. In this case, 193.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short QTEC slightly near 193.19, target 189.15, Stop Loss @ 193.75. Details
  • The technical summary data is suggesting a short of QTEC if it tests 193.19 with a downside target of 189.15. We should have a stop loss in place at 193.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 193.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for QTEC
  • Buy QTEC slightly over 190.89, target 193.19, Stop Loss @ 190.44 Details
  • If 190.89 begins to break higher, the technical summary data tells us to buy QTEC just slightly over 190.89, with an upside target of 193.19. The data also tells us to set a stop loss @ 190.44 in case the stock turns against the trade. 190.89 is the first level of resistance above 189.94, and by rule, any break above resistance is a buy signal. In this case, 190.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short QTEC slightly near 190.89, target 189.15, Stop Loss @ 191.34. Details
  • The technical summary data is suggesting a short of QTEC if it tests 190.89 with a downside target of 189.15. We should have a stop loss in place at 191.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 190.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our First Trust Nasdaq-100 Technology Sector Index Fd (QTEC) Page here: QTEC.

QTEC Ratings for April 04:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 176.53
P2 188.74 189.15 187.86
P3 190.89 193.19 199.28
Triggers may have already come
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Support and Resistance Plot Chart for QTEC

QTEC Long Term Analysis for April 4 2024

Blue = Current Price
Red= Resistance
Green = Support

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Trading or Investing in First Trust Nasdaq-100 Technology Sector Index Fd (NASDAQ: QTEC) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for QTEC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if QTEC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for QTEC too.  All of these are offered below the Summary Table.