Equitrans Midstream Corp. Stock Forecast
Equitrans Midstream Corp. stock price up 1.64% on Friday
(Updated on May 03, 2024)
The Equitrans Midstream Corp. stock price gained 1.64% on the last trading day (Friday, 3rd May 2024), rising from $13.44 to $13.66. During the last trading day the stock fluctuated 1.52% from a day low at $13.51 to a day high of $13.72. The price has risen in 8 of the last 10 days and is up by 9.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 987 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $56.23 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.44% during the next 3 months and, with a 90% probability hold a price between $17.63 and $19.27 at the end of this 3-month period.
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ETRN Signals & Forecast
The Equitrans Midstream Corp. stock 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 $13.58 and $12.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.59%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Equitrans Midstream Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.39 and $11.32. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Equitrans Midstream Corp. finds support just below today's level at $11.39. If this is broken, then the next support from accumulated volume will be at $11.32 and $11.22.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.205 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: $13.10 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ETRN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Equitrans Midstream Corp. to open at $13.63, and during the day (based on 14 day Average True Range), to move between $13.28 and $14.04, which gives a possible trading interval of +/-$0.379 (+/-2.78%) up or down from last closing price. If Equitrans Midstream Corp. takes out the full calculated possible swing range there will be an estimated 5.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.72 (0.44%) than the support at $11.39 (16.62%), 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 Equitrans Midstream Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Equitrans Midstream Corp. stock to perform well in the short-term.
Current score: 2.926 Buy Candidate Unchanged
Predicted Opening Price for Equitrans Midstream Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $13.63 ( 0.232%) | $13.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.83 | 1.27 % | |
| R2 | 13.76 | 0.696 % | ||
| R1 | 13.71 | 0.341 % | ||
| Current price: | 13.66 | |||
| Support | S1 | 13.55 | -0.81 % | |
| S2 | 13.50 | -1.16 % | ||
| S3 | 13.42 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.88 | 1.61 % | |
| R2 | 13.74 | 0.586 % | ||
| R1 | 13.72 | 0.439 % | ||
| Current price | 13.66 | |||
| Support | S1 | 11.39 | -16.62% | |
| S2 | 11.32 | -17.13% | ||
| S3 | 11.22 | -17.86% |
ETRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 15, 2024 | $0.150 | 1.10% |
| 2 | Jan 23, 2024 | Feb 05, 2024 | Feb 14, 2024 | $0.150 | 1.51% |
| 3 | Oct 25, 2023 | Nov 02, 2023 | Nov 14, 2023 | $0.150 | 1.67% |
| 4 | Jul 26, 2023 | Aug 03, 2023 | Aug 14, 2023 | $0.150 | 1.57% |
| 5 | Apr 25, 2023 | May 04, 2023 | May 15, 2023 | $0.150 | 2.76% |
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