Ea Series Trust - Euclidean Fundamental ETF Forecast
Green day on Friday for Ea Series Trust - Euclidean Fundamental ETF after gaining 0.330%
(Updated on Jun 28, 2024)
The Ea Series Trust - Euclidean Fundamental ETF price gained 0.330% on the last trading day (Friday, 28th Jun 2024), rising from $31.61 to $31.72. During the last trading day the ETF fluctuated 0% from a day low at $31.72 to a day high of $31.72. The price has fallen in 5 of the last 10 days and is down by -2.36% for this period. Volume fell on the last day by -2 thousand shares and in total, 149 shares were bought and sold for approximately $4.73 thousand. 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 lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.44% during the next 3 months and, with a 90% probability hold a price between $30.44 and $30.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ECML Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.330%. 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 Ea Series Trust - Euclidean Fundamental 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 $31.86 and $32.13. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ea Series Trust - Euclidean Fundamental ETF
Ea Series Trust - Euclidean Fundamental finds support from accumulated volume at $31.71 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.101%
Our recommended stop-loss: $29.86 (-5.86%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ECML) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ea Series Trust - Euclidean Fundamental Value Etf to open at $31.72, and during the day (based on 14 day Average True Range), to move between $31.72 and $31.72, which gives a possible trading interval of +/-$ (+/-0.00%) up or down from last closing price. If Ea Series Trust - Euclidean Fundamental Value Etf takes out the full calculated possible swing range there will be an estimated 0.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.71 (0.02%) than the resistance at $32.10 (1.21%), 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 - Euclidean Fundamental Value Etf ETF A Buy?
Ea Series Trust - Euclidean Fundamental 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ea Series Trust - Euclidean Fundamental Value Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $31.72 ( 0%) | $31.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECML
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.72 | - |
| R2 | 31.72 | - |
| R1 | 31.72 | - |
| Price | 31.72 | |
| S1 | 31.72 | - |
| S2 | 31.72 | - |
| S3 | 31.72 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.48 | 2.41% |
| R2 | 32.40 | 2.16% |
| R1 | 32.10 | 1.21% |
| Price | 31.72 | |
| S1 | 31.71 | -0.0158% |
| S2 | 31.68 | -0.108% |
| S3 | 31.61 | -0.329% |
ECML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 19, 2023 | Dec 21, 2023 | $0.240 | 0.771% |
FAQ
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