Technical Analysis for CNEQ - Alger Concentrated Equity ETF

Grade Last Price % Change Price Change
A 22.22 -0.01% 0.00
CNEQ closed down 0.01 percent on Monday, July 1, 2024, on 11 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Three Weeks Tight Range Contraction -0.01%
Outside Day Range Expansion -0.01%
Gapped Up Strength -0.01%
Narrow Range Bar Range Contraction -0.23%
Narrow Range Bar Range Contraction -0.35%
Gapped Up Strength -0.01%
MACD Bearish Signal Line Cross Bearish 1.80%

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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 22.5286
52 Week Low 18.7
Average Volume 2,382
200-Day Moving Average 0.00
50-Day Moving Average 20.75
20-Day Moving Average 21.94
10-Day Moving Average 22.23
Average True Range 0.18
RSI (14) 62.96
ADX 32.83
+DI 51.70
-DI 31.22
Chandelier Exit (Long, 3 ATRs) 21.99
Chandelier Exit (Short, 3 ATRs) 21.29
Upper Bollinger Bands 22.79
Lower Bollinger Band 21.10
Percent B (%b) 0.66
BandWidth 7.66
MACD Line 0.42
MACD Signal Line 0.47
MACD Histogram -0.0561
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.31
Resistance 3 (R3) 22.30 22.26 22.30
Resistance 2 (R2) 22.26 22.23 22.26 22.29
Resistance 1 (R1) 22.24 22.22 22.25 22.25 22.29
Pivot Point 22.19 22.19 22.20 22.20 22.19
Support 1 (S1) 22.17 22.17 22.18 22.18 22.14
Support 2 (S2) 22.13 22.15 22.13 22.14
Support 3 (S3) 22.11 22.13 22.13
Support 4 (S4) 22.12