FIRST TRUST NASDQ 100 EQ WEI (QQEW) Stock Technical Analysis
USA - NASDAQ:QQEW - US3373441050 - ETF
We assign a technical rating of 8 out of 10 to QQEW. 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.
QQEW has an excellent technical rating and also presents 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 144.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 142.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QQEW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
133.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 139.09 to 142.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.41 to 136.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 144.52 to 144.52. 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 | 64.17 | 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) | 61.36 | NEUTRAL | The RSI value for QQEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests QQEW has a positive trend. |
| Stochastics (14,3) | 84 | OVERBOUGHT | The high Stochastics value suggests QQEW may be overbought. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for QQEW suggests low volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for QQEW suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 144.53 | 139.16 | 5.37 (3.72%) | 25.00% |
| An entry @144.53. This is a Buy Stop order right above the resistance zone. | An exit @139.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.37 points, which is 3.72%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (10/24/2025, 8:00:01 PM)
144.51
+0.59 (+0.41%)
FIRST TRUST NASDQ 100 EQ WEI / QQEW FAQ
What is the technical rating for QQEW stock?
ChartMill assigns a technical rating of 8 / 10 to QQEW.
Can you provide the trend direction for FIRST TRUST NASDQ 100 EQ WEI?
The current trend direction for FIRST TRUST NASDQ 100 EQ WEI (QQEW) is Bullish.
What is the RSI signal for FIRST TRUST NASDQ 100 EQ WEI (QQEW) stock?
FIRST TRUST NASDQ 100 EQ WEI (QQEW) has an RSI value of 61.3583. This indicates that the stock is currently neutral.
What is the short term momentum for QQEW stock?
The short term momentum for FIRST TRUST NASDQ 100 EQ WEI (QQEW) is positive.
What is the buy/sell signal for FIRST TRUST NASDQ 100 EQ WEI (QQEW) stock?
The buy/sell signal for FIRST TRUST NASDQ 100 EQ WEI (QQEW) is buy as both the short term and long term trends are positive.