Technical Analysis for QQEW - First Trust NASDAQ-100 Equal Weighted Index Fund

Grade Last Price % Change Price Change
C 120.18 0.45% 0.54
QQEW closed up 0.45 percent on Thursday, May 9, 2024, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Multiple of Ten Bullish Other 0.00%
Overbought Stochastic Strength 0.00%
Volume Surge Other 0.45%
Narrow Range Bar Range Contraction 0.45%
Overbought Stochastic Strength 0.45%
Gapped Down Weakness 0.45%
Shooting Star Candlestick Bearish 0.18%
NR7 Range Contraction 0.18%
NR7-2 Range Contraction 0.18%

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Profile

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Index Fund Stock Market Index Nasdaq 100 Index

Top 10 Components

Symbol Grade Price % Change Allocation
MU B -1.27 1.22
TSLA D -1.57 1.21
KDP B 0.86 1.18
CEG A 3.80 1.15
AZN A 0.83 1.15
KHC C -0.50 1.13
MRNA B 0.66 1.11
TTD B 3.08 1.11
FANG B 0.25 1.10
AVGO C -1.49 1.09

Is QQEW a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 124.84
52 Week Low 96.8671
Average Volume 99,410
200-Day Moving Average 112.89
50-Day Moving Average 120.86
20-Day Moving Average 118.10
10-Day Moving Average 118.82
Average True Range 1.39
RSI (14) 53.92
ADX 17.28
+DI 26.33
-DI 29.17
Chandelier Exit (Long, 3 ATRs) 118.10
Chandelier Exit (Short, 3 ATRs) 118.87
Upper Bollinger Bands 121.00
Lower Bollinger Band 115.20
Percent B (%b) 0.86
BandWidth 4.92
MACD Line -0.26
MACD Signal Line -0.69
MACD Histogram 0.4331
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 121.42
Resistance 3 (R3) 121.31 120.78 121.21
Resistance 2 (R2) 120.78 120.47 120.84 121.14
Resistance 1 (R1) 120.48 120.27 120.63 120.59 121.07
Pivot Point 119.96 119.96 120.03 120.01 119.96
Support 1 (S1) 119.66 119.64 119.81 119.77 119.29
Support 2 (S2) 119.13 119.45 119.19 119.22
Support 3 (S3) 118.83 119.13 119.15
Support 4 (S4) 118.94