FIRST TRUST NASDQ 100 EQ WEI (QQEW) Stock Technical Analysis
USA - NASDAQ:QQEW - US3373441050 - ETF
Taking everything into account, QQEW scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, QQEW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 142.97, a Stop Loss order could be placed below this zone.
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133.07
2 important support areas can be observed.
- A support zone ranging from 139.17 to 142.97. 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.
We found 1 important resistance area.
- A resistance zone ranging from 144.30 to 146.25. 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 | 66.68 | 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) | 54.85 | NEUTRAL | The RSI value for QQEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests QQEW has a negative trend. |
| Stochastics (14,3) | 61.52 | NEUTRAL | The Stochastics value for QQEW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for QQEW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.15 | 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 |
|---|---|---|---|
| 144.31 | 142.14 | 2.17 (1.50%) | 25.00% |
| An entry @144.31. This is a Buy Stop order right above the 10 day moving average. | An exit @142.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 1.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- 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.
143.79
-0.28 (-0.19%)
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 54.8516. 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.