QQEW:NASDAQFirst Trust Nasdaq-100 Select Equal Weight ETF Analysis
Data as of 2026-09-07 - not real-time
$161.36
Latest Price
5/10Risk
Risk Level: Medium
Executive Summary
First Trust Nasdaq-100 Select Equal Weight ETF trades at $161.36, with its short-term moving averages stacked above the longer-term ones — a bullish trend structure. Over a rolling month the price has gained 6.8%. Relative strength is 48.1 — neutral — and the MACD signal is bearish. Price has been bracketed by support at $161.21 and resistance at $167.27.
The 0.55% expense ratio is middling for its category, and the fund manages $1.87B in assets.
Risk scores 5 out of 10, which is moderate for this asset class. With 30-day volatility of 17.2%, a beta of 1.22 and a maximum drawdown of 15.9%, position sizing matters here. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Timeframes disagree: the short-term read is buy while the long-term read is hold, conviction 3 out of 10.
The 0.55% expense ratio is middling for its category, and the fund manages $1.87B in assets.
Risk scores 5 out of 10, which is moderate for this asset class. With 30-day volatility of 17.2%, a beta of 1.22 and a maximum drawdown of 15.9%, position sizing matters here. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Timeframes disagree: the short-term read is buy while the long-term read is hold, conviction 3 out of 10.
Top Market Events
Launched on April 19, 2006, the First Trust NASDAQ-100 Select Equal Weight ETF QQEW is a passively managed exchange...Detailed price information for FT Nasdaq-100 Select Equal Weight ETF QQEW-Q from The Globe and Mail including charting...Detailed price information for Dec 2026 Term Corp Ishares Ibonds ETF IBDR-A from The Globe and Mail including charting...
Market Outlook
Short Term
< 1 yearPositive
Model confidence: 5/10
Key Factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 145.11
- MACD momentum is negative
Medium Term
1–3 yearsPositive
Model confidence: 4/10
Key Factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 145.11
- MACD momentum is negative
Long Term
> 3 yearsNeutral
Model confidence: 3/10
Key Factors
- Short-term moving averages stacked above long-term ones
- 30-day volatility of 17.2%
- Beta of 1.22 versus the benchmark
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.55%
AUM$1.9B
Inception Date2006-04-19
Avg Daily Volume67,880
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield0.19%
Technical Analysis
TrendBullish
RSI48.1
Support$161.21
Resistance$167.27
MA 20$163.95
MA 50$159.53
MA 200$145.11
MACDBearish
VolumeIncreasing
Fear & Greed Index94.11
Risk Assessment
Beta1.22
Volatility17.15%
Sector RiskMedium
Currency RiskLow
Liquidity RiskMedium
Similar Tickers
This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.