Ea Series Trust - Ea Bridgeway Omni ETF Forecast
Stronger technical forecast for Ea Series Trust - Ea Bridgeway Omni ETF price after Monday trading.
(Updated on Jun 17, 2024)
The Ea Series Trust - Ea Bridgeway Omni ETF price gained 0.790% on the last trading day (Monday, 17th Jun 2024), rising from $19.81 to $19.96. During the last trading day the ETF fluctuated 1.58% from a day low at $19.66 to a day high of $19.97. The price has fallen in 7 of the last 10 days and is down by -4.75% for this period. Volume fell on the last day by -43 thousand shares and in total, 210 thousand shares were bought and sold for approximately $4.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ea Series Trust - Ea Bridgeway Omni ETF with a 90% probability to be traded between $19.63 and $21.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BSVO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.790%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ea Series Trust - Ea Bridgeway Omni ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.19 and $20.65. 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).
A sell signal from a double top formation was found on Friday, May 17, 2024 and based on theory for this formation the price should fall by -5.81% to $18.80 within 35 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Ea Series Trust - Ea Bridgeway Omni ETF
Ea Series Trust - Ea Bridgeway Omni finds support from accumulated volume at $19.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.310 between high and low, or 1.58%. For the last week the ETF has had daily average volatility of 1.40%.
Our recommended stop-loss: $18.81 (-5.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (BSVO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ea Series Trust - Ea Bridgeway Omni Small Cap Value Etf Fund to open at $19.86, and during the day (based on 14 day Average True Range), to move between $19.65 and $20.28, which gives a possible trading interval of +/-$0.317 (+/-1.59%) up or down from last closing price. If Ea Series Trust - Ea Bridgeway Omni Small Cap Value Etf Fund takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.96 (0.02%) than the resistance at $20.23 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ea Series Trust - Ea Bridgeway Omni Small Cap Value Etf Fund ETF A Buy?
Ea Series Trust - Ea Bridgeway Omni 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.882 Hold/Accumulate Upgraded
Predicted Opening Price for Ea Series Trust - Ea Bridgeway Omni Small Cap Value Etf Fund of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $19.86 ( 0.497%) | $19.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSVO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.17 | 1.06% |
| R2 | 20.06 | 0.463% |
| R1 | 19.98 | 0.0966% |
| Price | 19.96 | |
| S1 | 19.75 | -1.09% |
| S2 | 19.67 | -1.46% |
| S3 | 19.55 | -2.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.71 | 3.74% |
| R2 | 20.34 | 1.88% |
| R1 | 20.23 | 1.33% |
| Price | 19.96 | |
| S1 | 19.96 | -0.0185% |
| S2 | 19.82 | -0.720% |
| S3 | 19.81 | -0.784% |
BSVO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.300 | 1.42% |
FAQ
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