Einvest Income Generator Etf Trust Forecast
Stronger technical forecast for Einvest Income Generator Etf trust price after Wednesday trading.
(Updated on Jun 26, 2024)
The Einvest Income Generator Etf trust price fell by -0.522% on the last day (Wednesday, 26th Jun 2024) from $3.83 to $3.81. During the last trading day the trust fluctuated 1.05% from a day low at $3.81 to a day high of $3.85. The price has risen in 5 of the last 10 days and is up by 1.6% over the past 2 weeks. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -9 thousand shares and in total, 1 thousand shares were bought and sold for approximately $5.41 thousand.
The trust is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Einvest Income Generator Etf trust with a 90% probability to be traded between $3.70 and $3.84 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EIGA.AX Signals & Forecast
The Einvest Income Generator Etf trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.81 and $3.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.60%. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust 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. The trust had a Golden Star Signal on Thursday, September 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the trust in question.
Golden Star 12 Months
The trust had a Golden Star Signal on Thursday, September 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the trust in question.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -4.46% to $3.64 within 11 trading days since signal was issued (Monday, June 24, 2024).
Support, Risk & Stop-loss for Einvest Income Generator Etf trust
Einvest Income Generator Etf finds support from accumulated volume at $3.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust 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 trust During the last day, the trust moved $0.0400 between high and low, or 1.05%. For the last week the trust has had daily average volatility of 1.05%
Our recommended stop-loss: $3.59 (-5.76%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (EIGA.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Einvest Income Generator Etf to open at $3.82, and during the day (based on 14 day Average True Range), to move between $3.77 and $3.85, which gives a possible trading interval of +/-$0.0416 (+/-1.09%) up or down from last closing price. If Einvest Income Generator Etf takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.82 (0.26%) than the support at $3.78 (0.79%), 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 Einvest Income Generator Etf trust A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Einvest Income Generator Etf trust to perform well in the short-term period. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.898 Buy Candidate Upgraded
Predicted Opening Price for Einvest Income Generator Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $3.82 ( 0.350%) | $3.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIGA.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.86 | 1.40% |
| R2 | 3.85 | 1.00% |
| R1 | 3.84 | 0.751% |
| Price | 3.81 | |
| S1 | 3.81 | -0.0511% |
| S2 | 3.80 | -0.299% |
| S3 | 3.78 | -0.700% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.84 | 0.787% |
| R2 | 3.83 | 0.525% |
| R1 | 3.82 | 0.262% |
| Price | 3.81 | |
| S1 | 3.78 | -0.787% |
| S2 | 3.75 | -1.57% |
| S3 | 3.69 | -3.15% |
FAQ
Click here for our free guide on how to buy Einvest Income Generator Etf Trust.
