Etracs Quarterly Pay 1.5x Leveraged ETF Forecast
Stronger technical forecast for Etracs Quarterly Pay 1.5x Leveraged ETF price after Friday trading.
(Updated on May 17, 2024)
No changes to the price of Etracs Quarterly Pay 1.5x Leveraged ETF on the last trading day (Friday, 17th May 2024). During the last trading day the ETF fluctuated 0% from a day low at $56.89 to a day high of $56.89. The price has risen in 5 of the last 10 days and is up by 2.35% over the past 2 weeks.
The ETF is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Etracs Quarterly Pay 1.5x Leveraged ETF with a 90% probability to be traded between $53.54 and $60.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MLPR Signals & Forecast
The Etracs Quarterly Pay 1.5x Leveraged ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $56.89. On a fall, the ETF will find some support from the long-term average at approximately $56.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 0.654%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Etracs Quarterly Pay 1.5x Leveraged ETF
Etracs Quarterly Pay 1.5x Leveraged finds support from accumulated volume at $56.70 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0461%
Our recommended stop-loss: $53.64 (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (MLPR) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Etracs Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN to open at $56.89, and during the day (based on 14 day Average True Range), to move between $56.36 and $57.42, which gives a possible trading interval of +/-$0.533 (+/-0.94%) up or down from last closing price. If Etracs Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.96 (0.12%) than the support at $56.70 (0.33%), 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 Etracs Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN 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 Etracs Quarterly Pay 1.5x Leveraged ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.171 Buy Candidate Upgraded
Predicted Opening Price for Etracs Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $56.89 ( 0.00000000%) | $56.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.89 | 0.00000000 % | |
| R2 | 56.89 | 0.00000000 % | ||
| R1 | 56.89 | 0.00000000 % | ||
| Current price: | 56.89 | |||
| Support | S1 | 56.89 | 0.00000000 % | |
| S2 | 56.89 | 0.00000000 % | ||
| S3 | 56.89 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.15 | 3.97 % | |
| R2 | 57.98 | 1.92 % | ||
| R1 | 56.96 | 0.123 % | ||
| Current price | 56.89 | |||
| Support | S1 | 56.70 | -0.327% | |
| S2 | 55.79 | -1.93% | ||
| S3 | 53.78 | -5.46% |
MLPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 22, 2024 | $1.36 | 2.42% |
| 2 | Jan 12, 2024 | Jan 12, 2024 | Jan 24, 2024 | $1.35 | 2.69% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | $1.32 | 2.81% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | $1.30 | 2.92% |
| 5 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | $1.27 | 3.03% |
FAQ
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