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 3.51, suggesting QQEW is Strong buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 142.79, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 135.38, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

Technical Analysis for QQEW

Technical Sentiment Analysis for First Trust Nasdaq-100 Select Equal Weight ETF (QQEW). As of 2026-05-22, First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 16 technical signals, shows that 10 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for QQEW stands at 76.82, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 3.51, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 98.77 and the Commodity Channel Index (CCI) at 153.75 further confirm a 5.51 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, QQEW is trading below its 60-day moving average of $135.38 and below its 200-day long-term moving average of $138.49. Key price levels to watch include the immediate resistance at $150.43 and strong support at $141.74. A break above $150.43 could signal a bull continuation, while falling below $141.74 may test the next Fibonacci floor at $137.67.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	133.06	137.67	141.74	146.35	150.43	155.04	159.11
Fibonacci	137.67	140.99	143.04	146.35	149.67	151.72	155.04

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

2026-05-22

Name	Value
Relative Strength Index (RSI)	76.82
Stochastic Oscillator	98.77
Stochastic RSI	96.52
Commodity Channel Index (CCI)	153.75
Awesome Oscillator	7.86
Momentum	5.51
MACD	3.51

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Relative Strength Index (RSI) is 76.82, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic Oscillator is 98.77, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Stochastic RSI is 96.52, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Commodity Channel Index (CCI) is 153.75, creating a Sell signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Awesome Oscillator is 7.86, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) Momentum is 5.51, creating a Buy signal.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) MACD is 3.51, creating a Buy signal.

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

2026-05-22

Period	Simple	Signal
5-Day	147.29	Buy
10-Day	145.81	Buy
20-Day	142.79	Buy
60-Day	135.38	Buy
200-Day	138.49	Buy
250-Day	137.85	Buy

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 5-Day simple moving average is 147.29, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 10-Day simple moving average is 145.81, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 20-Day simple moving average is 142.79, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 60-Day simple moving average is 135.38, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 200-Day simple moving average is 138.49, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 250-Day simple moving average is 137.85, while First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) share price is $150.55, making it Buy.