Technical Analysis for ALAI - Alger AI Enablers & Adopters ETF

Grade Last Price % Change Price Change
C 22.94 -1.32% -0.31
ALAI closed down 1.32 percent on Tuesday, October 1, 2024, on 5 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 Up Flat

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
180 Bullish Setup Bullish Swing Setup -1.32%
Overbought Stochastic Strength -1.32%
Slingshot Bullish Bullish Swing Setup -0.86%
Overbought Stochastic Strength -0.86%
Stochastic Sell Signal Bearish -1.87%
New 52 Week Closing High Bullish -1.87%
New 52 Week High Strength -1.87%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low about 9 hours ago
Down 1% about 9 hours ago
Fell Below 10 DMA about 9 hours ago
Possible NR7 about 9 hours ago
Down 1 ATR about 9 hours ago

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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 Data Science

Top 10 Components

Symbol Grade Price % Change Allocation
MSFT C -2.23 13.68
NVDA C -3.66 11.10
AMZN C -0.64 10.18
AAPL C -2.91 7.32
META A 0.70 6.36
AVGO C -2.92 4.07
APP B 0.08 3.74
GOOG C 0.74 3.41
NFLX C -0.44 2.55
SPGI C -0.85 2.40

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 23.55
52 Week Low 18.45
Average Volume 5,006
200-Day Moving Average 0.00
50-Day Moving Average 21.59
20-Day Moving Average 22.26
10-Day Moving Average 23.02
Average True Range 0.31
RSI (14) 59.68
ADX 20.65
+DI 42.99
-DI 30.70
Chandelier Exit (Long, 3 ATRs) 22.63
Chandelier Exit (Short, 3 ATRs) 21.33
Upper Bollinger Bands 24.12
Lower Bollinger Band 20.39
Percent B (%b) 0.68
BandWidth 16.73
MACD Line 0.48
MACD Signal Line 0.42
MACD Histogram 0.0615
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.06
Resistance 3 (R3) 23.05 23.00 23.04
Resistance 2 (R2) 23.00 22.97 23.00 23.04
Resistance 1 (R1) 22.97 22.95 22.98 22.98 23.03
Pivot Point 22.91 22.91 22.92 22.92 22.91
Support 1 (S1) 22.89 22.88 22.90 22.90 22.85
Support 2 (S2) 22.83 22.86 22.84 22.85
Support 3 (S3) 22.81 22.83 22.84
Support 4 (S4) 22.82