QQEW Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Moving Averages Convergence Divergence (MACD) indicator is 2.11, suggesting QQEW is Strong buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 155.62, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 148.05, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Buy.

Technical Analysis for QQEW

Technical Sentiment Analysis for First Trust Nasdaq-100 Select Equal Weight ETF (QQEW). As of 2026-07-08, First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for QQEW stands at 54.82, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 2.11, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 69.39 and the Commodity Channel Index (CCI) at 24.5 further confirm a 4.02 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, QQEW is trading above its 60-day moving average of $148.05 and above its 200-day long-term moving average of $141.35. Key price levels to watch include the immediate resistance at $161.01 and strong support at $152.97. A break above $161.01 could signal a bull continuation, while falling below $152.97 may test the next Fibonacci floor at $148.8.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	144.93	148.8	152.97	156.84	161.01	164.88	169.05
Fibonacci	148.8	151.88	153.77	156.84	159.92	161.81	164.88

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Technical Indicators

2026-07-08

Name	Value
Relative Strength Index (RSI)	54.82
Stochastic Oscillator	69.39
Stochastic RSI	74.14
Commodity Channel Index (CCI)	24.5
Awesome Oscillator	3.89
Momentum	4.02
MACD	2.11

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Relative Strength Index (RSI) is 54.82, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic Oscillator is 69.39, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic RSI is 74.14, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Commodity Channel Index (CCI) is 24.5, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Awesome Oscillator is 3.89, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Momentum is 4.02, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) MACD is 2.11, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Moving Average

2026-07-08

Period	Simple	Signal
5-Day	158.28	Sell
10-Day	157.13	Sell
20-Day	155.62	Buy
60-Day	148.05	Buy
200-Day	141.35	Buy
250-Day	140.48	Buy

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 5-Day simple moving average is 158.28, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 10-Day simple moving average is 157.13, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 155.62, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 148.05, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 200-Day simple moving average is 141.35, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 250-Day simple moving average is 140.48, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $156.98, making it Buy.

Name

Pivot Points

Classic

144.93

148.8

152.97

156.84

161.01

164.88

169.05

Fibonacci

148.8

151.88

153.77

156.84

159.92

161.81

164.88

Name

Value

Relative Strength Index (RSI)

54.82

Stochastic Oscillator

69.39

Stochastic RSI

74.14

Commodity Channel Index (CCI)

24.5

Awesome Oscillator

3.89

Momentum

4.02

MACD

2.11

Period

Simple

Signal

5-Day

158.28

Sell

10-Day

157.13

Sell

20-Day

155.62

Buy

60-Day

148.05

Buy

200-Day

141.35

Buy

250-Day

140.48

Buy