First Trust Nasdaq-100 Equal Weighted Index Fund ETF Forecast

Sell candidate since Jul 24, 2026 Gain 2.84%

The First Trust NASDAQ-100 Equal Weighted ETF price gained 0.92% on the last trading day (Friday, 31st Jul 2026), rising from $153.90 to $155.32. During the last trading day the ETF fluctuated 1.82% from a day low at $153.42 to a day high of $156.20. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 12 thousand shares were bought and sold for approximately $1.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $155.39. A reaction back to this level may hold a second chance to get out before further falls.

QQEW Signals & Forecast

There are mixed signals in the ETF today. The First Trust NASDAQ-100 Equal Weighted ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $155.55. On a fall, the ETF will find some support from the short-term average at $152.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, June 10, 2026, and so far it has risen 4.52%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

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

First Trust NASDAQ-100 Equal Weighted finds support from accumulated volume at $152.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.79 between high and low, or 1.82%. For the last week the ETF has had daily average volatility of 1.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QQEW) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect First Trust NASDAQ-100 Equal Weighted Index Fund to open at $154.98, and during the day (based on 14 day Average True Range), to move between $154.03 and $156.61, which gives a possible trading interval of +/-$2.59 (+/-1.68%) 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 1.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $156.17 (0.55%) than the support at $152.68 (1.70%), 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?

First Trust NASDAQ-100 Equal Weighted holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.693 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $154.98 ( 0.220%).

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