Cambria Global Asset Allocation ETF Forecast

Cambria Global Asset Allocation ETF price up 0.752% on Friday
(Updated on May 17, 2024)

GAA Signals & Forecast

The Cambria Global Asset Allocation 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 $28.83 and $28.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.99%. 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 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 ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.

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 Global Asset Allocation ETF

Cambria Global Asset Allocation finds support from accumulated volume at $28.91 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 $0.216 between high and low, or 0.749%. For the last week the ETF has had daily average volatility of 0.321%

Our recommended stop-loss: $27.84 (-4.26%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (GAA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Cambria Global Asset Allocation ETF to open at $29.03, and during the day (based on 14 day Average True Range), to move between $28.88 and $29.28, which gives a possible trading interval of +/-$0.204 (+/-0.70%) up or down from last closing price. If Cambria Global Asset Allocation ETF takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.09 (0.03%) than the support at $28.91 (0.59%), 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 Global Asset Allocation ETF ETF 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 Cambria Global Asset Allocation ETF to perform well in the short-term period.

Current score: 4.865 Buy Candidate Unchanged

Predicted Opening Price for Cambria Global Asset Allocation ETF of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.