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 -1.78, suggesting QQEW is Strong sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 129.21, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 134.3, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Sell.

Technical Analysis for QQEW

Technical Sentiment Analysis for First Trust Nasdaq-100 Select Equal Weight ETF (QQEW). As of 2026-04-07, First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 3 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for QQEW stands at 44.85, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -1.78, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 50.89 and the Commodity Channel Index (CCI) at -48.73 further confirm a -2.91 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, QQEW is trading below its 60-day moving average of $134.3 and below its 200-day long-term moving average of $138.08. Key price levels to watch include the immediate resistance at $130.51 and strong support at $122.84. A break above $130.51 could signal a bull continuation, while falling below $122.84 may test the next Fibonacci floor at $118.77.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	115.17	118.77	122.84	126.45	130.51	134.12	138.18
Fibonacci	118.77	121.7	123.51	126.45	129.38	131.19	134.12

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

2026-04-07

Name	Value
Relative Strength Index (RSI)	44.85
Stochastic Oscillator	50.89
Stochastic RSI	47.29
Commodity Channel Index (CCI)	-48.73
Awesome Oscillator	-3.84
Momentum	-2.91
MACD	-1.78

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Relative Strength Index (RSI) is 44.85, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic Oscillator is 50.89, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic RSI is 47.29, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Commodity Channel Index (CCI) is -48.73, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Awesome Oscillator is -3.84, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Momentum is -2.91, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) MACD is -1.78, creating a Sell signal.

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

2026-04-07

Period	Simple	Signal
5-Day	127.76	Buy
10-Day	126.9	Buy
20-Day	129.21	Sell
60-Day	134.3	Sell
200-Day	138.08	Sell
250-Day	135.61	Sell

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 5-Day simple moving average is 127.76, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 10-Day simple moving average is 126.9, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 129.21, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 134.3, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 200-Day simple moving average is 138.08, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Sell.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 250-Day simple moving average is 135.61, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $128.145, making it Sell.