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

Grade Last Price % Change Price Change
grade A 67.7999 0.29% 0.19
QQEW closed up 0.29 percent on Thursday, October 17, 2019, on 2.03 times normal volume. 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
Pocket Pivot Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Overbought Stochastic Strength 0.00%
Cup with Handle Other 0.29%
Narrow Range Bar Range Contraction 0.29%
Inside Day Range Contraction 0.29%
Overbought Stochastic Strength 0.29%
MACD Bullish Centerline Cross Bullish -0.22%
Stochastic Reached Overbought Strength -0.22%
Gapped Up Strength -0.22%

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 69.64
52 Week Low 51.19
Average Volume 41,251
200-Day Moving Average 64.6895
50-Day Moving Average 66.3523
20-Day Moving Average 66.3978
10-Day Moving Average 66.5626
Average True Range 0.8701
ADX 17.53
+DI 33.7811
-DI 25.5667
Chandelier Exit (Long, 3 ATRs ) 65.68959999999999
Chandelier Exit (Short, 3 ATRs ) 66.4907
Upper Bollinger Band 68.2959
Lower Bollinger Band 64.4997
Percent B (%b) 0.87
BandWidth 5.717358
MACD Line 0.1858
MACD Signal Line -0.054
MACD Histogram 0.2397
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 68.48
Resistance 3 (R3) 68.51 68.30 68.37
Resistance 2 (R2) 68.30 68.13 68.29 68.33
Resistance 1 (R1) 68.05 68.02 67.95 68.03 68.29
Pivot Point 67.85 67.85 67.80 67.84 67.85
Support 1 (S1) 67.60 67.67 67.49 67.57 67.31
Support 2 (S2) 67.39 67.57 67.38 67.27
Support 3 (S3) 67.14 67.39 67.23
Support 4 (S4) 67.12