First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: February 4, 2026

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

While much attention has been focused on the rally within more traditional energy sources, some clean energy stocks and funds have maintained a positive technical picture since last summer.

While much attention has been focused on the rally within more traditional energy sources, some clean energy stocks and funds have maintained a positive technical picture since last summer. Among those funds is the First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN), which has maintained an acceptable fund score since July 2025 and currently possesses a strong 5.66 fund score, higher than the current average score for energy funds (4.24) on the Asset Class Group Scores page.

QCLN has maintained a positive trend since May 2025 on the default trend chart and returned to a buy signal in the latter part of November. Action in January brought about additional buy signals along with a reversal back into Xs on the market relative strength chart, favoring QCLN in the near-term. After a move to $49 to kick off February, Tuesday’s (2/3) action led to a reversal back to Xs on the trend chart in actionable territory for those seeking exposure to clean energy. Initial support can be found in the $48.50 to $49 range, while additional support lies in the mid-to-lower $40s with the bullish support line at $43.

QCLN is currently a holding within both the First Trust Thematic Focus Five Model (FTTHEME5.TR) along with the First Trust Sector Model (FTRUST). Year-to-date, the fund has gained north of 13%, outperforming the S&P 500 Index (SPX) by more than 12%.

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**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. First Trust has arranged with Dorsey, Wright to provide this specialized ETF page on the First Trust ETFs. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included therein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including First Trust ETF shares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither First Trust nor Dorsey Wright through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations and rules, including NASD Rules 2090 and 2111 (Know Your Customer). The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or First Trust. If you are not familiar with Point & Figure methodology, we suggest you read “Point & Figure Charting, 4th Edition” by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the First Trust ETF product, or Exchange Traded Funds (ETFs), we suggest you visit www.ftportfolios.com.