First Trust Nasdaq-100 Equal Weighted Index Fund ETF Forecast

Buy or Hold candidate since May 01, 2026 Gain 14.43%

The First Trust NASDAQ-100 Equal Weighted ETF price fell by -0.201% on the last day (Friday, 10th Jul 2026) from $159.41 to $159.09. During the last trading day the ETF fluctuated 1.07% from a day low at $157.92 to a day high of $159.62. The price has fallen in 6 of the last 10 days but is still up by 2.96% over the past 2 weeks. Volume has increased on the last day by 341 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 26 thousand shares were bought and sold for approximately $4.14 million.

The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $157.65 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 18.81% during the next 3 months and, with a 90% probability hold a price between $187.30 and $206.79 at the end of this 3-month period.

QQEW Signals & Forecast

The First Trust NASDAQ-100 Equal Weighted ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $158.56 and $155.29. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 01, 2026, and so far it has fallen -1.71%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for First Trust NASDAQ-100 Equal Weighted ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $138.62 and $136.45. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, First Trust NASDAQ-100 Equal Weighted finds support just below today's level at $138.62. If this is broken, then the next support from accumulated volume will be at $136.45 and $135.10.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this ETF. During the last day, the ETF moved $1.70 between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 1.31%.

Our recommended stop-loss: $154.13 (-3.12%) (This ETF has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (QQEW) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect First Trust NASDAQ-100 Equal Weighted Index Fund to open at $158.88, and during the day (based on 14 day Average True Range), to move between $157.62 and $160.56, which gives a possible trading interval of +/-$2.95 (+/-1.87%) up or down from last closing price. If First Trust NASDAQ-100 Equal Weighted Index Fund takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $159.37 (0.18%) than the support at $138.62 (12.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Trust NASDAQ-100 Equal Weighted Index Fund ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust NASDAQ-100 Equal Weighted ETF to perform well in the short-term.

Current score: 4.112 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 13, 2026 - $158.88 ( 0.135%).

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