Technical Analysis for ABEQ - Absolute Core Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 32.58 | -0.04% | -0.01 |
ABEQ closed down 0.04 percent on Friday, November 1, 2024, on 25 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 20 DMA | Bearish | -0.04% | |
| Down 3 Days in a Row | Weakness | -0.04% | |
| Gapped Down | Weakness | -0.04% | |
| NR7 | Range Contraction | -0.71% |
| Alert | Time |
|---|---|
| Possible Inside Day | about 19 hours ago |
| Fell Below Previous Day's Low | 2 days ago |
| Fell Below 20 DMA | 2 days ago |
| Down 1 ATR | 2 days ago |
| 20 DMA Support | 4 days ago |
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Basic chart:
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Energy Sector Clean Energy Clean Technology Clean Energy Sector
Classification
Keywords: Exchange Traded Fund ETF Energy Sector Clean Energy Clean Technology Clean Energy Sector
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.29 |
| 52 Week Low | 26.6808 |
| Average Volume | 5,960 |
| 200-Day Moving Average | 30.64 |
| 50-Day Moving Average | 32.60 |
| 20-Day Moving Average | 32.77 |
| 10-Day Moving Average | 32.87 |
| Average True Range | 0.19 |
| RSI (14) | 45.65 |
| ADX | 15.43 |
| +DI | 23.92 |
| -DI | 28.27 |
| Chandelier Exit (Long, 3 ATRs) | 32.72 |
| Chandelier Exit (Short, 3 ATRs) | 32.72 |
| Upper Bollinger Bands | 33.35 |
| Lower Bollinger Band | 32.18 |
| Percent B (%b) | 0.34 |
| BandWidth | 3.56 |
| MACD Line | 0.07 |
| MACD Signal Line | 0.13 |
| MACD Histogram | -0.061 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 32.79 | ||||
| Resistance 3 (R3) | 32.82 | 32.77 | 32.76 | ||
| Resistance 2 (R2) | 32.77 | 32.71 | 32.76 | 32.74 | |
| Resistance 1 (R1) | 32.67 | 32.68 | 32.65 | 32.65 | 32.73 |
| Pivot Point | 32.62 | 32.62 | 32.61 | 32.61 | 32.62 |
| Support 1 (S1) | 32.53 | 32.57 | 32.50 | 32.50 | 32.42 |
| Support 2 (S2) | 32.48 | 32.54 | 32.47 | 32.41 | |
| Support 3 (S3) | 32.39 | 32.48 | 32.40 | ||
| Support 4 (S4) | 32.36 |
