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FRTY
ETF ticker: NYSE ARCA
AS OF
Dec 18, 04:59 PM (EDT)
Price
$18.68
Change
-$1.03 (-5.23%)
Net Assets
76.37M

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
published price charts
A.I.Advisor
a Summary for FRTY with price predictions
Dec 17, 2024

FRTY's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Indicator for FRTY moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 21 instances where the indicator moved out of the overbought zone. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FRTY as a result. In of 64 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FRTY turned negative on December 09, 2024. 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 33 similar instances when the indicator turned negative. In of the 33 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 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 .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FRTY advanced for three days, in of 265 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 179 cases where FRTY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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), Block (NYSE:SQ), Datadog (NASDAQ:DDOG), Pinterest (NYSE:PINS), Okta (NASDAQ:OKTA), Pure Storage (NYSE:PSTG), Sarepta Therapeutics (NASDAQ:SRPT), 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 29.05B. The market cap for tickers in the group ranges from 134.41M to 120.99B. MU holds the highest valuation in this group at 120.99B. The lowest valued company is CABA at 134.41M.

High and low price notable news

The average weekly price growth across all stocks in the Alger Mid Cap 40 ETF ETF was 2%. For the same ETF, the average monthly price growth was 50%, and the average quarterly price growth was 200%. MU experienced the highest price growth at 11%, while SMCI experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Alger Mid Cap 40 ETF ETF was -14%. For the same stocks of the ETF, the average monthly volume growth was -32% and the average quarterly volume growth was -25%

Fundamental Analysis Ratings

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

Valuation Rating: 73
P/E Growth Rating: 73
Price Growth Rating: 46
SMR Rating: 63
Profit Risk Rating: 51
Seasonality Score: 8 (-100 ... +100)
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FRTY
Daily Signalchanged days ago
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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