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Stock Trend Analysis Report
Prepared for you on Wednesday, September 11, 2024.
The Alger ETF Trust Alger Concentrated Equity ETF (PACF:CNEQ)
Long-Term Downtrend (-90) - CNEQ is in a strong downtrend that is likely to continue. While CNEQ is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CNEQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNEQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNEQ
The long-term trend has been DOWN since Aug 5th, 2024 at 19.1800
The intermediate-term trend has been DOWN since Sep 4th, 2024 at 21.7499
The short-term trend has been DOWN since Aug 30th, 2024 at 21.8400
Smart Scan Analysis for CNEQ
Based on our trend formula, CNEQ is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.7200 | 20.6400 | 20.5200 | 20.6000 | -0.5038 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.0961 | 2270 | 2024-09-06 15:59:46 |
| 52wk High | 23.1013 | 52wk High Date | 2024-07-10 |
| 52wk Low | 18.69 | 52wk Low Date | 2024-04-19 |
| Average Volume | 6,231 |