FIRST TRUST NASDQ 100 EQ WEI (QQEW) Stock Technical Analysis
NASDAQ:QQEW - US3373441050 - ETF
137.25 USD
+2.28 (+1.69%)
137.25 USD
0 (0%)
Overall QQEW gets a technical rating of 5 out of 10. QQEW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
QQEW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, QQEW outperforms 58% of them, which is more or less in line with the market.
In the last month QQEW has a been trading in a tight range between 133.62 and 140.24.
QQEW has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
110.96
140.98
3 important support areas can be observed.
- A support zone ranging from 133.68 to 136.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 130.81 to 131.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @112.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 139.58 to 139.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for QQEW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QQEW is neutral. |
| ChartMill Relative Strength | 58.29 | NEUTRAL | QQEW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QQEW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QQEW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QQEW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.57 | NEUTRAL | The RSI value for QQEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests QQEW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.37 | NEUTRAL | The Stochastics value for QQEW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for QQEW suggests low volalility. |
| Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for QQEW suggests a weak or negative trend. |
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)
137.25
+2.28 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.69%
1 Week0.59%
2 Weeks1.23%
1 Month-1.66%
3 Month6.67%
6 Month3.55%
12 Month10.25%
2 Year26.31%
3 Year48.71%
5 Year54.03%
10 Year228.9%
15 Year621.61%
Volatility
ATR(14)1.37
ATR(20)%1.1%
ATR Inc36.76%
Range Today2.25
ADR(20)1.26
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.29
Mansfield-0.25
10 Day High137.93
10 Day Low134.45
20 Day High140.24
20 Day Low133.62
52 Week High140.24
52 Week Low104.28
CS1 End136.57
CR1 Start139.58
Volume & EV
DER(3)-1.32%
DER(5)-1.24%
Volume45.80K
Volume Incr-6.52%
Vol(5)47.80K
Vol(50)48.72K