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

Grade Last Price % Change Price Change
B 123.90 -0.10% -0.12
QQEW closed down 0.1 percent on Thursday, March 28, 2024, on 25 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
180 Bullish Setup Bullish Swing Setup -0.10%
Pocket Pivot Bullish Swing Setup -0.10%
Bollinger Band Squeeze Range Contraction -0.10%
Gapped Up Strength -0.10%
20 DMA Support Bullish 0.82%
Bollinger Band Squeeze Range Contraction 0.82%
Gapped Up Strength 0.82%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 12 hours ago
Bullish 180 Entry about 16 hours ago
Rose Above Previous Day's High about 16 hours ago
Possible Pocket Pivot 1 day ago
Gapped Up (Full) 1 day ago

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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
TTD C 0.24 1.07
TSLA F -2.25 1.06
PDD D -0.35 1.05
CDNS B -0.02 1.04
ADBE F 0.04 1.04
SNPS C -0.32 1.04
ILMN F -0.98 1.03
DASH B -0.84 1.03
CEG B -0.02 1.03
BKR C 1.24 1.02

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 95.3757
Average Volume 154,225
200-Day Moving Average 111.12
50-Day Moving Average 121.48
20-Day Moving Average 123.03
10-Day Moving Average 122.95
Average True Range 1.20
RSI (14) 57.26
ADX 11.47
+DI 33.26
-DI 25.66
Chandelier Exit (Long, 3 ATRs) 121.25
Chandelier Exit (Short, 3 ATRs) 124.39
Upper Bollinger Bands 124.84
Lower Bollinger Band 121.21
Percent B (%b) 0.74
BandWidth 2.95
MACD Line 0.64
MACD Signal Line 0.65
MACD Histogram -0.0109
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 124.45
Resistance 3 (R3) 124.50 124.37 124.36
Resistance 2 (R2) 124.37 124.23 124.34 124.33
Resistance 1 (R1) 124.14 124.14 124.07 124.08 124.30
Pivot Point 124.00 124.00 123.97 123.98 124.00
Support 1 (S1) 123.77 123.86 123.70 123.72 123.50
Support 2 (S2) 123.63 123.78 123.61 123.47
Support 3 (S3) 123.40 123.63 123.44
Support 4 (S4) 123.35