Technical Analysis for CNEQ - Alger Concentrated Equity ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Strong | N/A | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
New 52 Week Closing High | Bullish | 0.00% | |
Pocket Pivot | Bullish Swing Setup | 0.00% | |
Stochastic Reached Overbought | Strength | 0.00% | |
Overbought Stochastic | Strength | 0.00% | |
Up 3 Days in a Row | Strength | 0.00% | |
New 52 Week Closing High | Bullish | 0.06% | |
Gapped Up | Strength | 0.06% | |
Pocket Pivot | Bullish Swing Setup | 2.33% | |
NR7 | Range Contraction | 2.33% | |
Narrow Range Bar | Range Contraction | 2.33% |
Alert | Time |
---|---|
Rose Above Previous Day's High | 1 day ago |
Rose Above 10 DMA | 1 day ago |
Up 1% | 1 day ago |
Up 1 ATR | 1 day ago |
1.5x Volume Pace | 3 days ago |
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Alger Concentrated Equity ETF Description
CNEQ is actively managed, investing in large-cap companies on U.S. exchanges that have a promising growth potential. At least 25% of the total assets go into related industries like software and technology hardware, semiconductors, IT services, electronic devices, retail and communication industries. The fund may invest more than 25% of total assets get invested in a single industry. A significant portion may be dedicated to enterprises within a sector, like Information Technology and Communication Services. The portfolio generally comprises no more than 30 holdings, often selling when a stock reaches its target price. The Fund also invests in cash and cash equivalents during market volatility or in the absence of viable long-term investment options. This cash holding is not expected to exceed 15% of net assets.
Classification
Keywords: Private Equity Semiconductor Sovereign Wealth Funds Venture Capital Electronic Devices Technology Hardware
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 25.49 |
52 Week Low | 18.7 |
Average Volume | 4,314 |
200-Day Moving Average | 0.00 |
50-Day Moving Average | 23.76 |
20-Day Moving Average | 24.59 |
10-Day Moving Average | 25.23 |
Average True Range | 0.30 |
RSI (14) | 65.28 |
ADX | 28.01 |
+DI | 53.17 |
-DI | 28.81 |
Chandelier Exit (Long, 3 ATRs) | 24.59 |
Chandelier Exit (Short, 3 ATRs) | 24.38 |
Upper Bollinger Bands | 25.98 |
Lower Bollinger Band | 23.20 |
Percent B (%b) | 0.81 |
BandWidth | 11.32 |
MACD Line | 0.48 |
MACD Signal Line | 0.46 |
MACD Histogram | 0.0238 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 25.76 | ||||
Resistance 3 (R3) | 25.72 | 25.59 | 25.71 | ||
Resistance 2 (R2) | 25.59 | 25.52 | 25.61 | 25.69 | |
Resistance 1 (R1) | 25.53 | 25.47 | 25.56 | 25.56 | 25.67 |
Pivot Point | 25.40 | 25.40 | 25.42 | 25.42 | 25.40 |
Support 1 (S1) | 25.33 | 25.33 | 25.37 | 25.37 | 25.25 |
Support 2 (S2) | 25.21 | 25.28 | 25.22 | 25.24 | |
Support 3 (S3) | 25.14 | 25.21 | 25.22 | ||
Support 4 (S4) | 25.17 |