Technical Analysis for CNEQ - Alger Concentrated Equity ETF

Grade Last Price % Change Price Change
A 25.46 0.06% 0.01
CNEQ closed up 0.06 percent on Wednesday, November 20, 2024, on 2.09 times 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
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.06%
Gapped Up Strength 0.06%
Pocket Pivot Bullish Swing Setup 2.33%
NR7 Range Contraction 2.33%
Narrow Range Bar Range Contraction 2.33%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High 2 days ago
Rose Above 10 DMA 2 days ago
Up 1% 2 days ago
Up 1 ATR 2 days ago
1.5x Volume Pace 3 days ago

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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

Top 10 Components

Symbol Grade Price % Change Allocation
MSFT D -0.55 13.34
NVDA A -0.76 13.04
AAPL C 0.32 8.58
AMZN B -0.85 8.10
META C 0.79 6.47
HEI A 1.70 3.71
TSM C -0.69 3.59
APP B 1.25 3.29
AVGO D -1.31 3.17
DHR D 0.98 2.35

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 25.49
52 Week Low 18.7
Average Volume 4,314
200-Day Moving Average 0.00
50-Day Moving Average 23.76
20-Day Moving Average 24.59
10-Day Moving Average 25.23
Average True Range 0.30
RSI (14) 65.28
ADX 28.01
+DI 53.17
-DI 28.81
Chandelier Exit (Long, 3 ATRs) 24.59
Chandelier Exit (Short, 3 ATRs) 24.38
Upper Bollinger Bands 25.98
Lower Bollinger Band 23.20
Percent B (%b) 0.81
BandWidth 11.32
MACD Line 0.48
MACD Signal Line 0.46
MACD Histogram 0.0238
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.76
Resistance 3 (R3) 25.72 25.59 25.71
Resistance 2 (R2) 25.59 25.52 25.61 25.69
Resistance 1 (R1) 25.53 25.47 25.56 25.56 25.67
Pivot Point 25.40 25.40 25.42 25.42 25.40
Support 1 (S1) 25.33 25.33 25.37 25.37 25.25
Support 2 (S2) 25.21 25.28 25.22 25.24
Support 3 (S3) 25.14 25.21 25.22
Support 4 (S4) 25.17