ALGER CE ETF (CNEQ) Stock Technical Analysis
NYSEARCA:CNEQ - NYSE Arca - US0155644042 - ETF - Currency: USD
Overall CNEQ gets a technical rating of 2 out of 10. Although CNEQ 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
Warning: CNEQ has an average volume of 22534 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month CNEQ has a been trading in the 19.34 - 23.41 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CNEQ is one of the better performing stocks in the market, outperforming 71% of all stocks. However, CNEQ's most recent performance is quite weak.
CNEQ is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CNEQ has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.08
23.99
We found 1 important support area.
- A support zone ranging from 20.28 to 20.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.34 to 23.75. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS71.51
Mansfield0.21
10 Day High23.33
10 Day Low20.71
20 Day High23.41
20 Day Low19.34
52 Week High28.22
52 Week Low18.9
Performance
1 Week8.14%
2 Weeks6.34%
1 Month-0.46%
3 Month-15.94%
6 Month-2.77%
12 Month20.23%
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)0.25
RSI(14)54.75
LBB20.19
UBB23.6
NYSEARCA:CNEQ (4/28/2025, 11:26:19 AM)
23.16
-0.17 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.73%
1 Week8.14%
2 Weeks6.34%
1 Month-0.46%
3 Month-15.94%
6 Month-2.77%
12 Month20.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%4.09%
ATR Inc-45.4%
Range Today0.03
ADR(20)0.68
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.51
Mansfield0.21
10 Day High23.33
10 Day Low20.71
20 Day High23.41
20 Day Low19.34
52 Week High28.22
52 Week Low18.9
CS1 End20.6
CR1 Start23.34
Volume & EV
DER(3)2.37%
DER(5)2.25%
Volume375
Volume Incr-29.84%
Vol(5)17.02K
Vol(50)22.53K