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 1.88, suggesting QQEW is Strong buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 133.86, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 132.41, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

Technical Analysis for QQEW

Technical Sentiment Analysis for First Trust Nasdaq-100 Select Equal Weight ETF (QQEW). As of 2026-04-30, First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 11 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for QQEW stands at 58.85, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.88, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 81.15 and the Commodity Channel Index (CCI) at 55.07 further confirm a 2.29 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, QQEW is trading below its 60-day moving average of $132.41 and below its 200-day long-term moving average of $137.97. Key price levels to watch include the immediate resistance at $139.36 and strong support at $135.01. A break above $139.36 could signal a bull continuation, while falling below $135.01 may test the next Fibonacci floor at $132.68.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	130.65	132.68	135.01	137.04	139.36	141.39	143.72
Fibonacci	132.68	134.35	135.37	137.04	138.7	139.73	141.39

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

2026-04-30

Name	Value
Relative Strength Index (RSI)	58.85
Stochastic Oscillator	81.15
Stochastic RSI	84.18
Commodity Channel Index (CCI)	55.07
Awesome Oscillator	5.29
Momentum	2.29
MACD	1.88

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Relative Strength Index (RSI) is 58.85, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic Oscillator is 81.15, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic RSI is 84.18, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Commodity Channel Index (CCI) is 55.07, creating a Neutral signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Awesome Oscillator is 5.29, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Momentum is 2.29, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) MACD is 1.88, creating a Buy signal.

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

2026-04-30

Period	Simple	Signal
5-Day	137.4	Buy
10-Day	137.34	Buy
20-Day	133.86	Buy
60-Day	132.41	Buy
200-Day	137.97	Buy
250-Day	136.84	Buy

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 5-Day simple moving average is 137.4, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 10-Day simple moving average is 137.34, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 133.86, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 132.41, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 200-Day simple moving average is 137.97, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 250-Day simple moving average is 136.84, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $140.215, making it Buy.