UBS ETRACS Alerian MLP Infrastructure ETF Forecast

UBS ETRACS Alerian MLP Infrastructure ETF price ended at $23.74 on Friday, after gaining 0.0421%.
(Updated on Apr 26, 2024)

MLPB Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.85%. Further rise is indicated until a new top pivot has been found. UBS ETRACS Alerian MLP Infrastructure has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The UBS ETRACS Alerian MLP Infrastructure ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $23.74. On a fall, the ETF will find some support from the short-term average at $23.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for UBS ETRACS Alerian MLP Infrastructure ETF

UBS ETRACS Alerian MLP Infrastructure finds support from accumulated volume at $23.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.0400 (0.169%) between high and low. For the last week, the ETF has had daily average volatility of 0.533%.

Our recommended stop-loss: $22.54 (-5.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (MLPB) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect UBS ETRACS Alerian MLP Infrastructure Index ETN Series B to open at $23.73, and during the day (based on 14 day Average True Range), to move between $23.49 and $23.99, which gives a possible trading interval of +/-$0.252 (+/-1.06%) up or down from last closing price. If UBS ETRACS Alerian MLP Infrastructure Index ETN Series B takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.70 (0.17%) than the resistance at $23.85 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is UBS ETRACS Alerian MLP Infrastructure Index ETN Series B ETF A Buy?

UBS ETRACS Alerian MLP Infrastructure holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.433 Hold/Accumulate Unchanged

Predicted Opening Price for UBS ETRACS Alerian MLP Infrastructure Index ETN Series B of Monday, April 29, 2024

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