ECA Marcellus Trust I Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for ECA Marcellus Trust I stock after losing 0.227%
(Updated on May 10, 2024)
The ECA Marcellus Trust I stock price fell by -0.227% on the last day (Friday, 10th May 2024) from $0.441 to $0.440. During the last trading day the stock fluctuated 5.29% from a day low at $0.422 to a day high of $0.444. The price has risen in 6 of the last 10 days but is still down by -2.87% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 38 thousand shares were bought and sold for approximately $16.69 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ECA Marcellus Trust I stock with a 90% probability to be traded between $0.402 and $0.501 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ECTM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 4.52%. 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 ECA Marcellus Trust I stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.463 and $0.460. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ECA Marcellus Trust I stock
ECA Marcellus Trust I finds support from accumulated volume at $0.431 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 $0.0223 between high and low, or 5.29%. For the last week the stock has had daily average volatility of 4.53%.
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 13th
For the upcoming trading day on Monday, 13th we expect ECA Marcellus Trust I to open at $0.435, and during the day (based on 14 day Average True Range), to move between $0.410 and $0.469, which gives a possible trading interval of +/-$0.0298 (+/-6.78%) 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 13.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.441 (0.23%) than the support at $0.431 (2.00%), 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 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: -3.668 Sell Candidate Unchanged
Predicted Opening Price for ECA Marcellus Trust I of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.435 ( 1.04%) | $0.440 |
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 | 0.457 | 4.03 % | |
| R2 | 0.449 | 2.10 % | ||
| R1 | 0.443 | 0.90 % | ||
| Current price: | 0.440 | |||
| Support | S1 | 0.426 | -2.98 % | |
| S2 | 0.421 | -4.17 % | ||
| S3 | 0.413 | -6.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.500 | 13.77 % | |
| R2 | 0.480 | 9.22 % | ||
| R1 | 0.441 | 0.228 % | ||
| Current price | 0.440 | |||
| Support | S1 | 0.431 | -2.00% | |
| S2 | 0.430 | -2.23% | ||
| S3 | 0.428 | -2.73% |
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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