CAMBRIA CORE EQUITY ETF Forecast

CAMBRIA CORE EQUITY ETF price up 0.561% on Thursday
(Updated on Jun 20, 2024)

CCOR Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.641%. Further rise is indicated until a new top pivot has been found. CAMBRIA CORE EQUITY has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CAMBRIA CORE EQUITY ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $25.67. On a fall, the ETF will find some support from the short-term average at $25.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for CAMBRIA CORE EQUITY ETF

CAMBRIA CORE EQUITY finds support from accumulated volume at $25.09 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 $0.140 between high and low, or 0.558%. For the last week the ETF has had daily average volatility of 0.745%.

Our recommended stop-loss: $23.55 (-6.23%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (CCOR) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect CAMBRIA CORE EQUITY ETF to open at $25.14, and during the day (based on 14 day Average True Range), to move between $24.88 and $25.34, which gives a possible trading interval of +/-$0.228 (+/-0.91%) up or down from last closing price. If CAMBRIA CORE EQUITY ETF takes out the full calculated possible swing range there will be an estimated 1.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.09 (0.08%) than the resistance at $26.09 (3.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CAMBRIA CORE EQUITY ETF ETF A Buy?

CAMBRIA CORE EQUITY holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.622 Hold/Accumulate Unchanged

Predicted Opening Price for CAMBRIA CORE EQUITY ETF of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.