Technical Analysis for CNEQ - Alger Concentrated Equity ETF

Grade Last Price % Change Price Change
C 19.35 -0.29% -0.06
CNEQ closed down 0.29 percent on Monday, April 29, 2024, on 4 percent of 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
Narrow Range Bar Range Contraction 0.00%
Calm After Storm Range Contraction -0.29%
Narrow Range Bar Range Contraction -0.29%
Gapped Up Strength -0.29%
Gapped Down Weakness 1.33%
Outside Day Range Expansion 0.43%
Gapped Up Strength 0.43%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%

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Profile

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

Is CNEQ 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 20.305
52 Week Low 18.7
Average Volume 10,811
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 19.26
Average True Range 0.25
RSI (14) 38.65
ADX 0.0
+DI 28.12
-DI 43.30
Chandelier Exit (Long, 3 ATRs) 19.56
Chandelier Exit (Short, 3 ATRs) 19.44
Upper Bollinger Bands 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line -0.13
MACD Signal Line -0.08
MACD Histogram -0.0475
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.41
Resistance 3 (R3) 19.41 19.39 19.40
Resistance 2 (R2) 19.39 19.37 19.39 19.40
Resistance 1 (R1) 19.37 19.37 19.36 19.37 19.39
Pivot Point 19.35 19.35 19.35 19.35 19.35
Support 1 (S1) 19.33 19.33 19.32 19.33 19.31
Support 2 (S2) 19.31 19.33 19.31 19.30
Support 3 (S3) 19.29 19.31 19.30
Support 4 (S4) 19.29