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Stock Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW)
Sidelines Mode (-55) - QQEW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for QQEW
The long-term trend has been UP since Dec 1st, 2023 at 110.421
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 120.793
The short-term trend has been UP since Apr 23rd, 2024 at 117.182
Smart Scan Analysis for QQEW
Based on our trend formula, QQEW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 118.118 | 119.207 | 117.780 | 118.833 | +0.712 |
| Prev. Close | Volume | Bid | Ask | Time |
| 118.180 | 0 | 2024-04-26 17:14:26 |
| Year High | 64.331 | Year High Date | 2018-08-29 |
| Year Low | 55.25 | Year Low Date | 2018-10-29 |
| 52wk High | 124.84 | 52wk High Date | 2024-03-21 |
| 52wk Low | 95.93 | 52wk Low Date | 2023-04-26 |
| Year End Close | 26.13 | Average Volume | 81,561 |
| Shares Outstanding | 16,950 | % Institutional | 59 |
| Market Cap | 691M | Assets | 1,084M |
| Liabilities | 9.3M | Beta | 1.15 |
| Volatility | 26.59 |