(ATFV) Alger 35 - Ratings and Ratios

The Alger 35 ETF (NYSE ARCA: ATFV) is designed to capitalize on companies undergoing significant transformation or innovation. Under normal market conditions, the fund invests in approximately 35 equity securities, primarily targeting firms experiencing Positive Dynamic Change. This strategy focuses on companies benefiting from technological advancements, improvements, or developments, with a particular emphasis on the technology sector. The fund is non-diversified, allowing it to take concentrated positions in high-conviction ideas.

From a technical perspective, the ETF is currently trading at $23.00, below its 20-day SMA of $25.76 and 50-day SMA of $26.16, indicating recent bearish momentum. However, it remains above its 200-day SMA of $23.25, suggesting longer-term stability. The Average True Range (ATR) of 0.68 reflects relatively moderate volatility, while the 20-day average volume of 11,282 shares highlights limited trading activity. The funds assets under management (AUM) stand at $28.14 million, a relatively small size for an ETF, which may impact liquidity and trading efficiency.

Over the next three months, the ETF is likely to face headwinds due to its current position below key short-term moving averages. However, its focus on growth and innovation could provide upside potential if market sentiment improves. Based on the technical data, the ETF may struggle to reclaim its 50-day SMA near $26.16, with potential support near its 200-day SMA at $23.25. The relatively low ATR suggests that price fluctuations will remain contained, likely trading within a narrow range of $22.50 to $24.50.