Alger Mid Cap 40 ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Alger Mid Cap 40
(Updated on May 24, 2024)
The Alger Mid Cap 40 ETF price gained 0.184% on the last trading day (Friday, 24th May 2024), rising from $16.28 to $16.31. During the last trading day the ETF fluctuated 1.11% from a day low at $16.20 to a day high of $16.38. The price has risen in 6 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 8 thousand shares were bought and sold for approximately $131.46 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $16.43 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Alger Mid Cap 40 ETF with a 90% probability to be traded between $14.81 and $16.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FRTY Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.670%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Alger Mid Cap 40 ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.24 and $15.77. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Monday, June 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, June 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Alger Mid Cap 40 ETF
Alger Mid Cap 40 finds support from accumulated volume at $16.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.180 between high and low, or 1.11%. For the last week the ETF has had daily average volatility of 1.42%
Our recommended stop-loss: $15.75 (-3.45%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (FRTY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Alger Mid Cap 40 ETF to open at $16.30, and during the day (based on 14 day Average True Range), to move between $16.06 and $16.56, which gives a possible trading interval of +/-$0.252 (+/-1.54%) up or down from last closing price. If Alger Mid Cap 40 ETF takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.35 (0.25%) than the support at $16.15 (0.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alger Mid Cap 40 ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alger Mid Cap 40 ETF to perform well in the short-term period.
Current score: 1.212 Buy Candidate Unchanged
Predicted Opening Price for Alger Mid Cap 40 ETF of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $16.30 ( 0.0817%) | $16.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.48 | 1.02 % | |
| R2 | 16.41 | 0.600 % | ||
| R1 | 16.37 | 0.340 % | ||
| Current price: | 16.31 | |||
| Support | S1 | 16.23 | -0.503 % | |
| S2 | 16.19 | -0.764 % | ||
| S3 | 16.12 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.42 | 0.674 % | |
| R2 | 16.38 | 0.429 % | ||
| R1 | 16.35 | 0.245 % | ||
| Current price | 16.31 | |||
| Support | S1 | 16.15 | -0.98% | |
| S2 | 15.97 | -2.08% | ||
| S3 | 15.90 | -2.51% |
FRTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2021 | Dec 16, 2021 | Dec 31, 2021 | $1.07 | 5.35% |
FAQ
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