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Stock Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW)

Bull Market Weakness (+75) - QQEW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QQEW as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid QQEW?

MarketClub looks at technical strength and momentum to determine if the timing is right for QQEW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_QQEW
Open High Low QQEW Price Change
122.153 123.476 122.153 122.930 +0.770
Entry Signal

MarketClub’s Trade Triangles for QQEW

long term up The long-term trend has been UP since Dec 1st, 2023 at 110.421

intermediate term up The intermediate-term trend has been UP since May 10th, 2024 at 120.798

short term down The short-term trend has been DOWN since May 23rd, 2024 at 122.668

Smart Scan Analysis for QQEW

Based on our trend formula, QQEW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for QQEW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
122.153 123.476 122.153 122.930 +0.770
Prev. Close Volume Bid Ask Time
122.960 0 2024-05-24 17:13:13
Year High64.331Year High Date2018-08-29
Year Low55.25Year Low Date2018-10-29
52wk High124.8452wk High Date2024-03-21
52wk Low97.554552wk Low Date2023-10-30
Year End Close26.13Average Volume87,774
Shares Outstanding16,950% Institutional59
Market Cap691MAssets1,084M
Liabilities9.3MBeta1.15
Volatility26.59
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