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FRTY
ETF ticker: NYSE ARCA
AS OF
Jan 30, 04:59 PM (EDT)
Price
$19.61
Change
+$0.21 (+1.08%)
Net Assets
89.59M

FRTY stock forecast, quote, news & analysis

Category: @Mid-Cap Growth
FRTY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
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A.I.Advisor
a Summary for FRTY with price predictions
Jan 29, 2025

Momentum Indicator for FRTY turns positive, indicating new upward trend

FRTY saw its Momentum Indicator move above the 0 level on January 15, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 64 similar instances where the indicator turned positive. In of the 64 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The 10-day moving average for FRTY crossed bullishly above the 50-day moving average on January 23, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FRTY advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 45 cases where FRTY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FRTY turned negative on January 29, 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 34 similar instances when the indicator turned negative. In of the 34 cases the stock turned lower in the days that followed. This puts the odds of success at .

FRTY moved below its 50-day moving average on January 27, 2025 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FRTY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FRTY entered a downward trend on January 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Micron Technology (NASDAQ:MU), CrowdStrike Holdings (NASDAQ:CRWD), Spotify Technology SA (NYSE:SPOT), Datadog (NASDAQ:DDOG), Pinterest (NYSE:PINS), Okta (NASDAQ:OKTA), Pure Storage (NYSE:PSTG), Sarepta Therapeutics (NASDAQ:SRPT), SentinelOne (NYSE:S), Universal Display Corp (NASDAQ:OLED).

Industry description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.

Market Cap

The average market capitalization across the Alger Mid Cap 40 ETF ETF is 27.98B. The market cap for tickers in the group ranges from 115.84M to 99.17B. MU holds the highest valuation in this group at 99.17B. The lowest valued company is CABA at 115.84M.

High and low price notable news

The average weekly price growth across all stocks in the Alger Mid Cap 40 ETF ETF was -4%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 29%. SPOT experienced the highest price growth at 10%, while VRT experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Alger Mid Cap 40 ETF ETF was 3%. For the same stocks of the ETF, the average monthly volume growth was 13% and the average quarterly volume growth was -44%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 72
P/E Growth Rating: 73
Price Growth Rating: 48
SMR Rating: 62
Profit Risk Rating: 51
Seasonality Score: 41 (-100 ... +100)
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FRTY
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A.I. Advisor
published General Information

General Information

Category MidCapGrowth

Profile
Fundamentals
Details
Category
Mid-Cap Growth
Address
Alger ETF Trust360 PARK AVENUE SOUTH
Phone
212-806-8833
Web
N/A