QTEC Stock Summary and Trading Ideas (First Trust Nasdaq-100-Technology Sector | NASDAQ:QTEC)

The First Trust NASDAQ-100-Technology Sector Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Technology Sector Index.

First Trust Nasdaq-100-Technology Sector trades on the NASDAQ stock market under the symbol QTEC.

As of April 25, 2024, QTEC stock price declined to $179.55 with 21,309 million shares trading.

QTEC has a beta of 1.56, meaning it tends to be more sensitive to market movements. QTEC has a correlation of 0.66 to the broad based SPY ETF.

QTEC has a market cap of $3.78 billion. This is considered a Mid Cap stock.

In the last 3 years, QTEC stock traded as high as $196.30 and as low as $95.23.

QTEC has outperformed the market in the last year with a return of +45.6%, while the SPY ETF gained +22.4%. However, in the most recent history, QTEC shares have underperformed the stock market with its stock returning -2.9% in the last 3 month period and -4.2% for the last 2 week period, while SPY has returned +3.0% and -3.1%, respectively.

QTEC support price is $178.38 and resistance is $183.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QTEC stock will trade within this expected range on the day.