FIRST TRUST NASDQ 100 EQ WEI (QQEW) Stock Technical Analysis
USA - NASDAQ:QQEW - US3373441050 - ETF
140.295 USD
-0.43 (-0.3%)
We assign a technical rating of 7 out of 10 to QQEW. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QQEW is only an average performer.
The long and short term trends are both positive. This is looking good!
QQEW is currently making a new 52 week high. This is a strong signal. 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 59% 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 133.85 and 141.05.
Although QQEW has an excellent technical rating, it 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
126.95
142.13
3 important support areas can be observed.
- A support zone ranging from 134.41 to 139.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.46 from a horizontal line in the daily time frame.
- Support @128.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 140.31 to 140.72. 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 | UP | POSITIVE | The short term trend for QQEW is up. |
| ChartMill Relative Strength | 59.85 | NEUTRAL | QQEW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QQEW is above the rising 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) | 65.06 | NEUTRAL | The RSI value for QQEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests QQEW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.98 | OVERBOUGHT | The high Stochastics value suggests QQEW may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for QQEW suggests low volalility. |
| Average Directional Index/ADX (14) | 16.02 | 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)
NASDAQ:QQEW (9/23/2025, 8:06:04 PM)
140.295
-0.43 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.3%
1 Week1.74%
2 Weeks2.58%
1 Month3.04%
3 Month3.54%
6 Month15.82%
12 Month11.64%
2 Year34.91%
3 Year67.64%
5 Year62.42%
10 Year249.17%
15 Year553.75%
Volatility
ATR(14)1.23
ATR(20)%0.84%
ATR Inc-21.99%
Range Today0.82
ADR(20)1.03
ADR(20)%0.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.85
Mansfield-0.27
10 Day High141.05
10 Day Low135.24
20 Day High141.05
20 Day Low133.85
52 Week High141.05
52 Week Low104.28
CS1 End139.57
CR1 Start140.31
Volume & EV
DER(3)-3.93%
DER(5)-1.34%
Volume46.60K
Volume Incr-4.36%
Vol(5)46.30K
Vol(50)48.80K