Cambria Emerging Shareholder Yield ETF Forecast
Green day on Wednesday for Cambria Emerging Shareholder Yield ETF after gaining 0.721%
(Updated on Mar 27, 2024)
The Cambria Emerging Shareholder Yield ETF price gained 0.721% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.30 to $33.54. During the last trading day the ETF fluctuated 0.750% from a day low at $33.31 to a day high of $33.56. The price has fallen in 6 of the last 10 days and is down by -0.68% for this period. Volume fell on the last day by -439 thousand shares and in total, 35 thousand shares were bought and sold for approximately $1.18 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 ETF 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 ETF is expected to rise 12.80% during the next 3 months and, with a 90% probability hold a price between $37.01 and $39.54 at the end of this 3-month period.
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EYLD Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -1.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The Cambria Emerging Shareholder Yield ETF 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 $33.43 and $32.98. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Friday, March 31, 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 ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, March 31, 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 ETF in question.
Support, Risk & Stop-loss for Cambria Emerging Shareholder Yield ETF
Cambria Emerging Shareholder Yield finds support from accumulated volume at $33.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF 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 ETF During the last day, the ETF moved $0.250 between high and low, or 0.750%. For the last week the ETF has had daily average volatility of 0.92%
Our recommended stop-loss: $32.22 (-3.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (EYLD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Cambria Emerging Shareholder Yield ETF to open at $33.47, and during the day (based on 14 day Average True Range), to move between $33.17 and $33.91, which gives a possible trading interval of +/-$0.373 (+/-1.11%) up or down from last closing price. If Cambria Emerging Shareholder Yield ETF takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.65 (0.33%) than the support at $33.42 (0.37%), 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 Cambria Emerging Shareholder Yield ETF ETF 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 Cambria Emerging Shareholder Yield ETF to perform well in the short-term.
Current score: 2.713 Buy Candidate Unchanged
Predicted Opening Price for Cambria Emerging Shareholder Yield ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$33.47 ( 0.209%) | $33.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EYLD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.72 | 0.536 % | |
R2 | 33.62 | 0.252 % | ||
R1 | 33.57 | 0.0758 % | ||
Current price: | 33.54 | |||
Support | S1 | 33.37 | -0.493 % | |
S2 | 33.32 | -0.669 % | ||
S3 | 33.22 | -0.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.14 | 1.79 % | |
R2 | 34.00 | 1.37 % | ||
R1 | 33.65 | 0.328 % | ||
Current price | 33.54 | |||
Support | S1 | 33.42 | -0.371% | |
S2 | 33.30 | -0.716% | ||
S3 | 32.76 | -2.33% |
EYLD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Apr 01, 2024 | $0.205 | 0.613% |
2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.0570 | 0.186% |
3 | Sep 20, 2023 | Sep 21, 2023 | Oct 02, 2023 | $0.497 | 1.74% |
4 | Jun 21, 2023 | Jun 22, 2023 | Jul 03, 2023 | $0.99 | 3.53% |
5 | Mar 22, 2023 | Mar 23, 2023 | Apr 03, 2023 | $0.195 | 0.685% |
FAQ
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