Technical Analysis for ALAI - Alger AI Enablers & Adopters ETF

Grade Last Price % Change Price Change
F 18.99 -1.82% -0.35
ALAI closed down 1.82 percent on Tuesday, April 30, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Flat

Date Alert Name Type % Chg
Gapped Up Strength -1.82%
Gapped Up Strength -2.18%
Calm After Storm Range Contraction 0.35%
Narrow Range Bar Range Contraction 0.35%
Gapped Down Weakness 0.35%
Calm After Storm Range Contraction -0.57%
Narrow Range Bar Range Contraction -0.57%
Outside Day Range Expansion -0.57%
Narrow Range Bar Range Contraction -0.82%
Gapped Up Strength -0.82%

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Profile

Alger AI Enablers & Adopters ETF Description

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.


Classification

Keywords: Artificial Intelligence Cybernetics Computational Neuroscience

Is ALAI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 20.3174
52 Week Low 18.45
Average Volume 10,945
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 19.06
Average True Range 0.29
RSI (14) 36.71
ADX 0.0
+DI 27.40
-DI 44.90
Chandelier Exit (Long, 3 ATRs) 19.45
Chandelier Exit (Short, 3 ATRs) 19.32
Upper Bollinger Bands 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line -0.16
MACD Signal Line -0.10
MACD Histogram -0.0536
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.49
Resistance 3 (R3) 19.54 19.43 19.40
Resistance 2 (R2) 19.43 19.30 19.40 19.38
Resistance 1 (R1) 19.21 19.23 19.15 19.15 19.35
Pivot Point 19.10 19.10 19.07 19.07 19.10
Support 1 (S1) 18.88 18.97 18.82 18.82 18.63
Support 2 (S2) 18.77 18.89 18.74 18.60
Support 3 (S3) 18.54 18.77 18.57
Support 4 (S4) 18.49