FIRST TRUST NASDQ 100 EQ WEI (QQEW) Stock Technical Analysis
NASDAQ:QQEW - Nasdaq - US3373441050 - ETF - Currency: USD
Overall QQEW gets a technical rating of 2 out of 10. QQEW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month QQEW has a been trading in the 104.28 - 123.33 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, QQEW turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
QQEW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
QQEW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 124.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 116.66, a Stop Loss order could be placed below this zone.
More info and screens
108.00
137.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 115.50 to 116.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 109.09 to 109.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- Strong resistance @124.66 from a horizontal line in the daily time frame.
- Resistance @128.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 133.30 to 136.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.08
Mansfield-0.05
10 Day High121.38
10 Day Low110.84
20 Day High123.33
20 Day Low104.28
52 Week High136.19
52 Week Low104.28
Performance
1 Week7.71%
2 Weeks4.86%
1 Month-0.26%
3 Month-7.72%
6 Month-3.1%
12 Month1.45%
2 Year22.48%
3 Year25.91%
5 Year71.24%
10 Year173.51%
15 Year460.08%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.17
RSI(14)54.33
LBB108.58
UBB122.93
NASDAQ:QQEW (4/28/2025, 8:00:00 PM)
120.81
+0.11 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week7.71%
2 Weeks4.86%
1 Month-0.26%
3 Month-7.72%
6 Month-3.1%
12 Month1.45%
2 Year22.48%
3 Year25.91%
5 Year71.24%
10 Year173.51%
15 Year460.08%
Volatility
ATR(14)4.13
ATR(20)%3.66%
ATR Inc-67.31%
Range Today1.96
ADR(20)3.75
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.08
Mansfield-0.05
10 Day High121.38
10 Day Low110.84
20 Day High123.33
20 Day Low104.28
52 Week High136.19
52 Week Low104.28
CS1 End116.66
CR1 Start124.66
Volume & EV
DER(3)-3.35%
DER(5)0.98%
Volume171.30K
Volume Incr-36.28%
Vol(5)95.22K
Vol(50)119.09K