ALGER 35 ETF (ATFV) Technical Analysis
NYSEARCA:ATFV • US0155642061
Current stock price
ATFV Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to ATFV. Although ATFV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ATFV has a been trading in the 31.56 - 34.56 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ATFV is one of the better performing stocks in the market, outperforming 80% of all stocks.
- ATFV 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 ATFV is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
ATFV Weekly and Daily overview Charts
ATFV Setup Rating and Analysis
ATFV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 32.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.88, a Stop Loss order could be placed below this zone.
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ATFV Support and Resistance Analysis
20.55
We found 2 important support areas.
- A support zone ranging from 31.88 to 31.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.76 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 32.74 to 33.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 35.78 to 36.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
ATFV Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ATFV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATFV is down. |
| ChartMill Relative Strength | 80.03 | POSITIVE | ATFV has a high relative strength, it outperformed 80.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATFV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATFV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ATFV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.31 | NEUTRAL | The RSI value for ATFV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ATFV has a negative trend. |
| Stochastics (14,3) | 45.07 | NEUTRAL | The Stochastics value for ATFV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ATFV suggests some volalility. |
| Average Directional Index/ADX (14) | 30.38 | POSITIVE | The high ADX value value for ATFV suggests a strong trend. |
ATFV Chart- and CandleStick Pattern Analysis
ATFV Technicals: Chart, Performance Metrics, Trend & Indicators
31.89
-0.86 (-2.63%)
ALGER 35 ETF / ATFV TA FAQ
What is the technical rating for ATFV stock?
ChartMill assigns a technical rating of 3 / 10 to ATFV.
Can you provide the trend direction for ALGER 35 ETF?
The current trend direction for ALGER 35 ETF (ATFV) is Bearish.
What is the RSI signal for ATFV stock?
ALGER 35 ETF (ATFV) has an RSI value of 37.3068. This indicates that the stock is currently neutral.
What is the MACD signal for ALGER 35 ETF (ATFV) stock?
The MACD indicator for ALGER 35 ETF (ATFV) has a value of -0.0271636, indicating a bearish trend.
What is the support and resistance level for ATFV stock?
ALGER 35 ETF (ATFV) has a support level at 31.88 and a resistance level at 32.74. Check the full technical report for our detailed analysis of ATFV support and resistance levels.