Calamos Etf Trust ETF Forecast

Calamos Etf Trust ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)

CVRT Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 2.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Calamos Etf Trust 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 $27.20. On a fall, the ETF will find some support from the short-term average at $26.82. 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. Calamos Etf Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Calamos Etf Trust ETF

Calamos Etf Trust finds support from accumulated volume at $26.65 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 $0.0100 between high and low, or 0.0369%. For the last week the ETF has had daily average volatility of 0.553%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CVRT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Calamos Etf Trust to open at $27.10, and during the day (based on 14 day Average True Range), to move between $26.85 and $27.35, which gives a possible trading interval of +/-$0.248 (+/-0.91%) up or down from last closing price. If Calamos Etf Trust takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.27 (0.63%) than the support at $26.65 (1.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Calamos Etf Trust ETF A Buy?

Calamos Etf Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.474 Sell Candidate Downgraded

Predicted Opening Price for Calamos Etf Trust of Monday, July 1, 2024

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