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. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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 66% 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 131.09 and 138.53.
Besides having an excellent technical rating, QQEW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
110.07
139.83
4 important support areas can be observed.
- A support zone ranging from 131.20 to 131.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @128.72 from a horizontal line in the daily time frame.
- Support @125.08 from a horizontal line in the daily time frame.
- Support @111.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 137.13 to 138.45. 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 | 66.66 | 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) | 59.31 | NEUTRAL | The RSI value for QQEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests QQEW has a negative trend. |
| Stochastics (14,3) | 85.56 | OVERBOUGHT | The high Stochastics value suggests QQEW may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for QQEW suggests low volalility. |
| Average Directional Index/ADX (14) | 21.71 | NEUTRAL | The ADX value for QQEW suggests a possible start of a new 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 (7/14/2025, 9:45:06 AM)
136.52
-0.15 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.11%
1 Week-1.28%
2 Weeks1.08%
1 Month2.11%
3 Month18.63%
6 Month9.53%
12 Month8.18%
2 Year21.86%
3 Year41.45%
5 Year62.55%
10 Year205.54%
15 Year582.33%
Volatility
ATR(14)1.3
ATR(20)%1.03%
ATR Inc-33.41%
Range Today0.03
ADR(20)1.16
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.66
Mansfield0.01
10 Day High138.54
10 Day Low134.97
20 Day High138.54
20 Day Low131.09
52 Week High138.54
52 Week Low104.28
CS1 End131.71
CR1 Start137.13
Volume & EV
DER(3)-2.43%
DER(5)-0.56%
Volume2.00K
Volume Incr-1.11%
Vol(5)45.04K
Vol(50)61.13K