InfraCap MLP ETF Forecast
Evaluation of InfraCap MLP ETF downgraded after the last trading session.
(Updated on Apr 30, 2024)
The InfraCap MLP ETF price fell by -4.48% on the last day (Tuesday, 30th Apr 2024) from $41.10 to $39.26. During the last trading day the ETF fluctuated 3.69% from a day low at $39.25 to a day high of $40.70. The price has risen in 8 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume has increased on the last day by 29 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 87 thousand shares were bought and sold for approximately $3.42 million.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 10.65% during the next 3 months and, with a 90% probability hold a price between $43.29 and $48.00 at the end of this 3-month period.
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AMZA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The InfraCap MLP ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $40.52 and $40.41. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for InfraCap MLP ETF
InfraCap MLP finds support from accumulated volume at $38.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.45 (3.69%) between high and low. For the last week, the ETF has had daily average volatility of 1.78%.
Our recommended stop-loss: $37.38 (-4.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AMZA) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect InfraCap MLP ETF to open at $39.74, and during the day (based on 14 day Average True Range), to move between $38.52 and $40.00, which gives a possible trading interval of +/-$0.736 (+/-1.87%) up or down from last closing price. If InfraCap MLP ETF takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.84 (1.07%) than the resistance at $39.74 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is InfraCap MLP ETF ETF A Buy?
InfraCap MLP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: -0.266 Hold/Accumulate Downgraded
Predicted Opening Price for InfraCap MLP ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $39.74 ( 1.21%) | $39.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMZA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.19 | 4.91 % | |
| R2 | 40.63 | 3.50 % | ||
| R1 | 40.29 | 2.62 % | ||
| Current price: | 39.26 | |||
| Support | S1 | 39.18 | -0.197 % | |
| S2 | 38.84 | -1.07 % | ||
| S3 | 38.29 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.66 | 6.11 % | |
| R2 | 40.98 | 4.38 % | ||
| R1 | 39.74 | 1.22 % | ||
| Current price | 39.26 | |||
| Support | S1 | 38.84 | -1.07% | |
| S2 | 38.58 | -1.73% | ||
| S3 | 38.44 | -2.09% |
AMZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Apr 22, 2024 | Apr 29, 2024 | $0.260 | 0.633% |
| 2 | Mar 20, 2024 | Mar 20, 2024 | Mar 26, 2024 | $0.260 | 0.645% |
| 3 | Jan 24, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.260 | 0.670% |
| 4 | Jan 19, 2024 | Jan 22, 2024 | Jan 30, 2024 | $0.260 | 0.697% |
| 5 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.240 | 0.675% |
FAQ
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