Technical Analysis for ALAI - Alger AI Enablers & Adopters ETF

Grade Last Price % Change Price Change
A 26.03 -0.03% -0.01
ALAI closed down 0.03 percent on Wednesday, November 20, 2024, on 18 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up

Date Alert Name Type % Chg
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -0.03%
Stochastic Reached Overbought Strength -0.03%
Gapped Up Strength -0.03%
Overbought Stochastic Strength -0.03%
1,2,3 Pullback Bullish Bullish Swing Setup 2.29%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.29%
Inside Day Range Contraction 2.29%

   Recent Intraday Alerts

Alert Time
Down 1% about 21 hours ago
Fell Below 10 DMA about 21 hours ago
Up 1% 1 day ago
Up 1 ATR 1 day ago
Non-ADX 1,2,3,4 Pullback Entry 2 days 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 D -0.55 11.86
AAPL C 0.32 11.09
NVDA A -0.76 10.98
AMZN B -0.85 8.81
META C 0.79 6.72
APP B 1.25 4.79
AVGO D -1.31 4.14
SPGI D 0.16 2.88
TSM C -0.69 2.57
GOOG B -1.25 2.33

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 26.07
52 Week Low 18.45
Average Volume 10,138
200-Day Moving Average 0.00
50-Day Moving Average 23.97
20-Day Moving Average 24.99
10-Day Moving Average 25.76
Average True Range 0.36
RSI (14) 65.99
ADX 33.68
+DI 49.17
-DI 23.51
Chandelier Exit (Long, 3 ATRs) 24.99
Chandelier Exit (Short, 3 ATRs) 24.69
Upper Bollinger Bands 26.68
Lower Bollinger Band 23.29
Percent B (%b) 0.81
BandWidth 13.57
MACD Line 0.60
MACD Signal Line 0.56
MACD Histogram 0.0395
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.36
Resistance 3 (R3) 26.33 26.18 26.31
Resistance 2 (R2) 26.18 26.09 26.20 26.29
Resistance 1 (R1) 26.11 26.04 26.14 26.14 26.27
Pivot Point 25.96 25.96 25.98 25.98 25.96
Support 1 (S1) 25.88 25.87 25.92 25.92 25.79
Support 2 (S2) 25.74 25.82 25.75 25.77
Support 3 (S3) 25.66 25.74 25.75
Support 4 (S4) 25.70