ECA Marcellus Trust I Stock Forecast
A very strong day for ECA Marcellus Trust I stock price on Friday
(Updated on Apr 26, 2024)
The ECA Marcellus Trust I stock price gained 6.47% on the last trading day (Friday, 26th Apr 2024), rising from $0.425 to $0.453. During the last trading day the stock fluctuated 5.68% from a day low at $0.440 to a day high of $0.465. The price has fallen in 6 of the last 10 days and is down by -0.76% for this period. Volume fell on the last day by -15 thousand shares and in total, 5 thousand shares were bought and sold for approximately $2.33 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 stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.433 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 stock is expected to rise 6.85% during the next 3 months and, with a 90% probability hold a price between $0.463 and $0.573 at the end of this 3-month period.
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ECTM Signals & Forecast
There are mixed signals in the stock today. The ECA Marcellus Trust I stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.464. On a fall, the stock will find some support from the short-term average at $0.444. 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -9.50%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ECA Marcellus Trust I stock
ECA Marcellus Trust I finds support from accumulated volume at $0.450 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0250 between high and low, or 5.68%. For the last week the stock has had daily average volatility of 5.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECTM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ECA Marcellus Trust I to open at $0.453, and during the day (based on 14 day Average True Range), to move between $0.418 and $0.487, which gives a possible trading interval of +/-$0.0349 (+/-7.72%) up or down from last closing price. If ECA Marcellus Trust I takes out the full calculated possible swing range there will be an estimated 15.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.450 (0.66%) than the resistance at $0.480 (6.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ECA Marcellus Trust I stock A Buy?
ECA Marcellus Trust I 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 stock.
Current score: -1.090 Sell Candidate Unchanged
Predicted Opening Price for ECA Marcellus Trust I of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.453 ( 0.00000000%) | $0.453 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECTM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.478 | 5.52 % | |
| R2 | 0.468 | 3.41 % | ||
| R1 | 0.462 | 2.11 % | ||
| Current price: | 0.453 | |||
| Support | S1 | 0.443 | -2.11 % | |
| S2 | 0.437 | -3.41 % | ||
| S3 | 0.428 | -5.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.500 | 10.50 % | |
| R2 | 0.490 | 8.20 % | ||
| R1 | 0.480 | 6.08 % | ||
| Current price | 0.453 | |||
| Support | S1 | 0.450 | -0.663% | |
| S2 | 0.431 | -4.82% | ||
| S3 | 0.428 | -5.52% |
ECTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0300 | 6.98% |
| 2 | Nov 09, 2023 | Nov 17, 2023 | Nov 30, 2023 | $0.0060 | 1.25% |
| 3 | May 11, 2023 | May 19, 2023 | May 30, 2023 | $0.0430 | 3.44% |
| 4 | Feb 10, 2023 | Feb 17, 2023 | Feb 28, 2023 | $0.124 | 8.05% |
| 5 | Nov 16, 2022 | Nov 18, 2022 | Nov 29, 2022 | $0.180 | 7.00% |
FAQ
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