Equitrans Midstream Corp. Stock Forecast
Stronger technical forecast for Equitrans Midstream Corp. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Equitrans Midstream Corp. stock price gained 0.624% on the last trading day (Tuesday, 2nd Jul 2024), rising from $12.82 to $12.90. During the last trading day the stock fluctuated 2.23% from a day low at $12.79 to a day high of $13.08. The price has fallen in 7 of the last 10 days and is down by -4.37% for this period. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $36.20 million. 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 $12.84 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 8.04% during the next 3 months and, with a 90% probability hold a price between $13.87 and $15.77 at the end of this 3-month period.
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ETRN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.624%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Equitrans Midstream Corp. stock 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 $13.13 and $13.76. 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).
Support, Risk & Stop-loss for Equitrans Midstream Corp. stock
Equitrans Midstream Corp. finds support from accumulated volume at $12.78 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.285 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 2.95%.
Equitrans Midstream Corp. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $12.13 (-5.99%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ETRN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Equitrans Midstream Corp. to open at $12.92, and during the day (based on 14 day Average True Range), to move between $12.54 and $13.26, which gives a possible trading interval of +/-$0.359 (+/-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 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.78 (0.93%) than the resistance at $13.84 (7.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Equitrans Midstream Corp. stock A Buy?
Equitrans Midstream Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.668 Hold/Accumulate Upgraded
Predicted Opening Price for Equitrans Midstream Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $12.92 ( 0.193%) | $12.90 |
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 | |
|---|---|---|
| R3 | 13.21 | 2.41% |
| R2 | 13.10 | 1.56% |
| R1 | 13.03 | 1.04% |
| Price | 12.90 | |
| S1 | 12.82 | -0.652% |
| S2 | 12.75 | -1.17% |
| S3 | 12.64 | -2.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.26 | 10.54% |
| R2 | 13.96 | 8.22% |
| R1 | 13.84 | 7.29% |
| Price | 12.90 | |
| S1 | 12.78 | -0.93% |
| S2 | 12.46 | -3.41% |
| S3 | 12.25 | -5.04% |
ETRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 15, 2024 | $0.150 | 1.09% |
| 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% |
FAQ
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