ALGER AI ENABLE & ADOPT ETF (ALAI) Stock Technical Analysis
NYSEARCA:ALAI - NYSE Arca - US0155645031 - ETF - Currency: USD
Taking everything into account, ALAI scores 9 out of 10 in our technical rating. ALAI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: ALAI has an average volume of 10046 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ALAI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALAI is performing more or less in line with the market.
In the last month ALAI has a been trading in the 20.89 - 26.53 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ALAI did better than 84% of all other stocks. However, ALAI's most recent performance is quite weak.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALAI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.94
29.34
3 important support areas can be observed.
- A support zone ranging from 24.61 to 24.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.11 from a trend line in the daily time frame.
- A support zone ranging from 20.14 to 20.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.05 to 29.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.86
Mansfield0.76
10 Day High26.53
10 Day Low23.24
20 Day High26.53
20 Day Low20.89
52 Week High29.22
52 Week Low18.73
Performance
1 Week7.05%
2 Weeks11.8%
1 Month17.47%
3 Month-8.83%
6 Month4.85%
12 Month28.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.34
RSI(14)69.53
LBB22.43
UBB26.33
26.4848
+1.29 (+5.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.13%
1 Week7.05%
2 Weeks11.8%
1 Month17.47%
3 Month-8.83%
6 Month4.85%
12 Month28.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.24%
ATR Inc31.67%
Range Today0.3
ADR(20)0.34
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.86
Mansfield0.76
10 Day High26.53
10 Day Low23.24
20 Day High26.53
20 Day Low20.89
52 Week High29.22
52 Week Low18.73
CS1 End24.81
CR1 Start27.76
Volume & EV
DER(3)2.75%
DER(5)1.65%
Volume11.40K
Volume Incr-36.24%
Vol(5)6.60K
Vol(50)10.05K