FIRST TRUST NASDQ 100 EQ WEI (QQEW) Stock Technical Analysis
NASDAQ:QQEW - Nasdaq - US3373441050 - ETF - Currency: USD
Overall QQEW gets a technical rating of 8 out of 10. Although QQEW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
QQEW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so QQEW is performing more or less in line with the market.
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 65% of all stocks.
In the last month QQEW has a been trading in a tight range between 127.58 and 134.66.
Considerably lower volume is observed in the last couple of days.
QQEW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 131.45, a Stop Loss order could be placed below this zone.
More info and screens
109.62
137.47
When analyzing the support we can see 3 important areas.
- A support zone ranging from 131.45 to 131.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 125.74 to 128.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @110.73 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 131.84 to 136.11. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 65.42 | NEUTRAL | QQEW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QQEW is below 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) | 53.06 | NEUTRAL | The RSI value for QQEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests QQEW has a negative trend. |
| Stochastics (14,3) | 53.37 | NEUTRAL | The Stochastics value for QQEW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for QQEW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.55 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 132.90 | 131.44 | 1.46 (1.10%) | 25.00% |
| An entry @132.90. This is a Buy Stop order right above the 10 day moving average. | An exit @131.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.46 points, which is 1.10%. | For a 0.28% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QQEW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:QQEW (6/20/2025, 8:00:02 PM)
131.46
-0.54 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.41%
1 Week-1.82%
2 Weeks-0.27%
1 Month1.11%
3 Month6.35%
6 Month3.97%
12 Month5.96%
2 Year22.97%
3 Year50.53%
5 Year64.56%
10 Year200.76%
15 Year609.06%
Volatility
ATR(14)1.48
ATR(20)%1.22%
ATR Inc-2.54%
Range Today1.9
ADR(20)1.37
ADR(20)%1.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.42
Mansfield0.09
10 Day High134.66
10 Day Low131.26
20 Day High134.66
20 Day Low127.58
52 Week High136.19
52 Week Low104.28
CS1 End131.45
CR1 Start131.84
Volume & EV
DER(3)0.1%
DER(5)-0.49%
Volume21.10K
Volume Incr-33.73%
Vol(5)38.62K
Vol(50)82.28K