IF formula not working correctly

Do you have a sample of your data that you can upload?

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Best you post a sample workbook.
Your formula is difficult to follow without one

You could try

Formula:

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You seem to be refering to two cells, only you can say which one takes priority.

Nested IF()s stop at the first true condition found.

"Not Found" looks to be impossible to exist.

=IF(CQ4="","Unknown",IF(CQ4>0,"Exceeds",IF(CQ4=0,"Equals",IF(CQ4<0,"Below","Not Found"))))

Okay so does this work?

Formula:

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[EDIT]
This seems to do what you want,

Formula:

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If so please mark your thread [SOLVED]

How do you expect to get "Not found" ?