QQEW:NASDAQFirst Trust Nasdaq-100 Select Equal Weight ETF analysis
Data as of Oct 16, 2026 - not real-time
- Latest price
- $159.59
- Risk: medium
- 5/10Medium risk
Summary
First Trust Nasdaq-100 Select Equal Weight ETF trades at $159.59, with its short-term moving averages stacked above the longer-term ones — a bullish trend structure. Over a rolling month the price has lost 1.3%. Relative strength is 44.0 — neutral — and the MACD signal is bearish. Price has been bracketed by support at $155.49 and resistance at $166.64.
The 0.55% expense ratio is middling for its category, and the fund manages $1.90B in assets.
Risk scores 5 out of 10, which is moderate for this asset class. With 30-day volatility of 16.9%, a beta of 1.24 and a maximum drawdown of 15.9%, position sizing matters here. The wider market backdrop reads extreme greed at 93 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 $1.90B in assets.
Risk scores 5 out of 10, which is moderate for this asset class. With 30-day volatility of 16.9%, a beta of 1.24 and a maximum drawdown of 15.9%, position sizing matters here. The wider market backdrop reads extreme greed at 93 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.
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Market outlook
Short term
< 1 yearPositive
Model confidence5/105 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 147.78
- MACD momentum is negative
Medium term
1–3 yearsNeutral
Model confidence4/104 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 147.78
- MACD momentum is negative
Long term
> 3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- 30-day volatility of 16.9%
- Beta of 1.24 versus the benchmark
Key metrics
Fund metrics
Expense Ratio0.55%
AUM$1.9B
Inception Date2006-04-19
Avg Daily Volume47,430
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield0.13%
Technical analysis
TrendBullish
RSI44.0
Support$155.49
Resistance$166.64
MA 20$162.65
MA 50$162.23
MA 200$147.78
MACDBearish
VolumeStable
Fear & Greed Index92.64
Risk assessment
Beta1.24
Volatility16.94%
Sector RiskMedium
Currency RiskLow
Liquidity RiskMedium
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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.