CNEQ Alger Concentrated Equity ETF Forecast, Technical & Fundamental Analysis
The investment seeks long-term capital appreciation... Show more
CNEQ in +1.07% Uptrend, rising for three consecutive days on June 11, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CNEQ advanced for three days, in of 88 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 82 cases where CNEQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CNEQ moved out of overbought territory on June 13, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 11 similar instances where the indicator moved out of overbought territory. In of the 11 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for CNEQ turned negative on May 30, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 11 similar instances when the indicator turned negative. In of the 11 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNEQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CNEQ broke above its upper Bollinger Band on June 04, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
Category LargeGrowth
CNEQ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CNEQ has been closely correlated with IVW. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNEQ jumps, then IVW could also see price increases.
| Ticker / NAME | Correlation To CNEQ | 1D Price Change % | ||
|---|---|---|---|---|
| CNEQ | 100% | -1.28% | ||
| IVW - CNEQ | 96% Closely correlated | -1.23% | ||
| IWF - CNEQ | 96% Closely correlated | -1.27% | ||
| VUG - CNEQ | 95% Closely correlated | -1.37% | ||
| QQQ - CNEQ | 95% Closely correlated | -1.26% | ||
| QQQM - CNEQ | 95% Closely correlated | -1.27% |