First Trust NASDAQ-100-Technology Sector Index Fund (QTEC)

First Trust NASDAQ-100-Technology Sector Index Fund is trading at $292.87, down 5.31% on the session. The 50 day average sits at $317.73 and the 200 day at $281.23, which puts the stock in a uptrend. RSI is at 36.1, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $299.82 with resistance near $313.38, so that band frames the current range. Average daily movement is roughly $7.35, or about 2.5% of the share price, which is what any stop placement has to allow for. The overall health score of 57 out of 100 combines a trend score of 73, momentum of 25 and a risk score of 77.

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is an equal-weighted index composed of the securities comprising the NASDAQ-100 Index® that are classified as "technology" according to the Industry Classification Benchmark classification system.