QQQY:NASDAQDefiance Nasdaq 100 Weekly Distribution ETF analysis
Data as of Oct 21, 2026 - not real-time
- Latest price
- $21.57
- Risk: medium
- 6/10Medium risk
Summary
Defiance Nasdaq 100 Target 30 Weekly Distribution ETF trades at $21.57, with its short-term moving averages sitting below the longer-term ones — a bearish trend structure. It has lost 3.4% over the past 30 days. Relative strength is 34.2 — approaching oversold — and the MACD signal is bearish. Recent trading has carved out support near $21.24 and resistance around $23.03.
The 1.01% expense ratio is expensive for its category, and the fund manages $189.4M in assets.
The composite risk read is 6/10, putting it in elevated territory. With 30-day volatility of 16.2%, a beta of 1.30 and a maximum drawdown of 21.6%, position sizing matters here. The wider market backdrop reads extreme greed at 91 on the fear-greed composite.
The horizons line up on sell — conviction 4 out of 10.
The 1.01% expense ratio is expensive for its category, and the fund manages $189.4M in assets.
The composite risk read is 6/10, putting it in elevated territory. With 30-day volatility of 16.2%, a beta of 1.30 and a maximum drawdown of 21.6%, position sizing matters here. The wider market backdrop reads extreme greed at 91 on the fear-greed composite.
The horizons line up on sell — conviction 4 out of 10.
Top market events
- Seeking Alpha20dQQQY: A Strong Play For Weekly IncomeDefiance Nasdaq 100 Weekly Distribution ETF offers a high-yield,...
Market outlook
Short term
< 1 yearCautious
Model confidence7/107 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 22.77
- MACD momentum is negative
Medium term
1–3 yearsCautious
Model confidence5/105 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 22.77
- MACD momentum is negative
Long term
> 3 yearsCautious
Model confidence4/104 out of 10
Key factors
- High expense ratio of 1.01%
- Maximum drawdown of 21.6%
- Short-term moving averages stacked below long-term ones
Key metrics
Fund metrics
Expense Ratio1.01%
AUM$189.4M
Inception Date2023-09-13
Avg Daily Volume110,550
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield25.93%
Technical analysis
TrendBearish
RSI34.2
Support$21.24
Resistance$23.03
MA 20$22.41
MA 50$22.43
MA 200$22.77
MACDBearish
VolumeIncreasing
Fear & Greed Index90.52
Risk assessment
Beta1.30
Volatility16.23%
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.