REPORTING FOR 2020-01-03 | WCX19.ORG: We have done an in-depth analysis of how QQEW has been trading over the last 2 weeks and the past day especially. On its latest session, First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) opened at 74.41, reaching a high of 74.7756 and a low of 74.23 before closing at a price of 74.75. There was a total volume of 180387.
VOLUME INDICATORS FOR FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND (NASDAQ:QQEW): We saw an accumulation-distribution index of 235.04833, an on-balance volume of -73.8, chaikin money flow of 1.98468 and a force index of 0.94228. There was an ease of movement rating of 0.00439, a volume-price trend of 6.33537 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND (NASDAQ:QQEW): We noted an average true range of 0.46659, bolinger bands of 74.95195, an upper bollinger band of 72.71835, lower bollinger band of 74.23, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 74.47187, high band keltner channel of 74.10627, low band keltner channel of 74.83747, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 74.23, a donchian channel low band of 74.23, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND (NASDAQ:QQEW): We calculated a Moving Average Convergence Divergence (MACD) of -0.01772, a MACD signal of -0.00984, a MACD difference of -0.00787, a fast Exponential Moving Average (EMA) indicator of 74.23, a slow Exponential Moving Average (EMA) indicator of 74.23, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.40869, a trix of 5.91632, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -5.82424, a KST Oscillator (KST) of 85.14249 and a KST Oscillator (KST Signal) of 85.14249 (leaving a KST difference of -2.88609). We also found an Ichimoku rating of 74.5928, an Ichimoku B rating of 74.5928, a Ichimoku visual trend A of 69.47168, an Ichimoku visual trend B of 70.54356, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND (NASDAQ:QQEW): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 97.00212, a stochastic oscillator of 149.23414, a stochastic oscillator signal of 149.23414, a Williams %R rating of 49.23414 and an awesome oscillator of -0.0858.
RETURNS FOR FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND (NASDAQ:QQEW): There was a daily return of 8.51425, a daily log return of -1.06955 and a cumulative return of -1.06386.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-03 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.