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

Grade Last Price % Change Price Change
grade B 65.61 1.55% 1.00
QQEW closed up 1.55 percent on Tuesday, June 18, 2019, on 37 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical QQEW trend table...

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
MACD Bullish Centerline Cross Bullish 1.55%
Narrow Range Bar Range Contraction 1.55%
Overbought Stochastic Strength 1.55%
Narrow Range Bar Range Contraction 1.61%
Overbought Stochastic Strength 1.61%
Gapped Down Weakness 1.61%
Narrow Range Bar Range Contraction 0.92%

Older signals for QQEW ...

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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.
Exchange Traded Fund Index Fund Stock Market Index Net Asset Value Nasdaq Nasdaq 100 Index
Is QQEW a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 67.79
52 Week Low 51.19
Average Volume 85,280
200-Day Moving Average 61.5562
50-Day Moving Average 65.0905
20-Day Moving Average 63.5645
10-Day Moving Average 64.536
Average True Range 0.8824
ADX 20.74
+DI 37.2653
-DI 23.0079
Chandelier Exit (Long, 3 ATRs ) 63.39110000000001
Chandelier Exit (Short, 3 ATRs ) 63.3472
Upper Bollinger Band 66.157
Lower Bollinger Band 60.972
Percent B (%b) 0.89
BandWidth 8.157069
MACD Line 0.1246
MACD Signal Line -0.2117
MACD Histogram 0.3363
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 66.83
Resistance 3 (R3) 66.84 66.44 66.63
Resistance 2 (R2) 66.44 66.13 66.44 66.56
Resistance 1 (R1) 66.02 65.94 66.23 66.02 66.49
Pivot Point 65.62 65.62 65.73 65.62 65.62
Support 1 (S1) 65.21 65.31 65.42 65.20 64.73
Support 2 (S2) 64.81 65.12 64.80 64.66
Support 3 (S3) 64.39 64.81 64.59
Support 4 (S4) 64.39