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

Grade Last Price % Change Price Change
grade B 57.82 -0.07% -0.04
QQEW closed down 0.07 percent on Wednesday, January 16, 2019, on 1.4 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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 Down Up Up
See historical QQEW trend table...

Date Alert Name Type % Chg
Jan 16 Shooting Star Candlestick Bearish 0.00%
Jan 16 Narrow Range Bar Range Contraction 0.00%
Jan 16 Overbought Stochastic Strength 0.00%
Jan 15 Crossed Above 50 DMA Bullish -0.07%
Jan 15 Narrow Range Bar Range Contraction -0.07%
Jan 15 NR7 Range Contraction -0.07%
Jan 15 NR7-2 Range Contraction -0.07%
Jan 15 Gapped Up Strength -0.07%
Jan 15 Overbought Stochastic Strength -0.07%
Jan 14 Fell Below 50 DMA Bearish 1.14%

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.
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: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 64.331
52 Week Low 51.19
Average Volume 58,193
200-Day Moving Average 60.1718
50-Day Moving Average 57.2386
20-Day Moving Average 55.341
10-Day Moving Average 56.803
Average True Range 1.1469
ADX 17.77
+DI 27.4572
-DI 22.0588
Chandelier Exit (Long, 3 ATRs ) 54.7393
Chandelier Exit (Short, 3 ATRs ) 54.6307
Upper Bollinger Band 59.205
Lower Bollinger Band 51.477
Percent B (%b) 0.82
BandWidth 13.96433
MACD Line 0.2509
MACD Signal Line -0.2313
MACD Histogram 0.4822
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.38
Resistance 3 (R3) 58.43 58.31 58.28
Resistance 2 (R2) 58.31 58.17 58.28 58.25
Resistance 1 (R1) 58.06 58.08 58.00 58.01 58.22
Pivot Point 57.94 57.94 57.91 57.91 57.94
Support 1 (S1) 57.69 57.80 57.63 57.64 57.42
Support 2 (S2) 57.57 57.71 57.54 57.39
Support 3 (S3) 57.32 57.57 57.36
Support 4 (S4) 57.27