Cambria Shareholder Yield ETF Forecast
Green day on Friday for Cambria Shareholder Yield
(Updated on May 17, 2024)
The Cambria Shareholder Yield ETF price gained 0.0426% on the last trading day (Friday, 17th May 2024), rising from $70.48 to $70.51. During the last trading day the ETF fluctuated 0.370% from a day low at $70.32 to a day high of $70.58. The price has risen in 7 of the last 10 days and is up by 1.34% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 59 thousand shares were bought and sold for approximately $4.18 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cambria Shareholder Yield ETF with a 90% probability to be traded between $68.95 and $73.94 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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SYLD Signals & Forecast
Mostly positive signals in the chart today. The Cambria Shareholder Yield ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $70.38 and $70.51. 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 2.98%. 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). 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 ETF should be watched closely.
Support, Risk & Stop-loss for Cambria Shareholder Yield ETF
Cambria Shareholder Yield finds support from accumulated volume at $70.19 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.260 between high and low, or 0.370%. For the last week the ETF has had daily average volatility of 0.583%.
Our recommended stop-loss: $66.97 (-5.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (SYLD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Cambria Shareholder Yield ETF to open at $70.47, and during the day (based on 14 day Average True Range), to move between $69.77 and $71.25, which gives a possible trading interval of +/-$0.743 (+/-1.05%) up or down from last closing price. If Cambria Shareholder Yield ETF takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.56 (0.07%) than the support at $70.19 (0.45%), 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 Shareholder Yield 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 Shareholder Yield ETF to perform well in the short-term period.
Current score: 1.428 Buy Candidate Unchanged
Predicted Opening Price for Cambria Shareholder Yield ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $70.47 ( 0.0567%) | $70.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYLD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.73 | 0.312 % | |
| R2 | 70.63 | 0.171 % | ||
| R1 | 70.57 | 0.0841 % | ||
| Current price: | 70.51 | |||
| Support | S1 | 70.37 | -0.198 % | |
| S2 | 70.31 | -0.285 % | ||
| S3 | 70.21 | -0.425 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.82 | 1.86 % | |
| R2 | 71.18 | 0.95 % | ||
| R1 | 70.56 | 0.0709 % | ||
| Current price | 70.51 | |||
| Support | S1 | 70.19 | -0.452% | |
| S2 | 69.91 | -0.85% | ||
| S3 | 68.96 | -2.20% |
SYLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 01, 2024 | $0.515 | 0.705% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.126 | 0.189% |
| 3 | Sep 20, 2023 | Sep 21, 2023 | Oct 02, 2023 | $0.305 | 0.499% |
| 4 | Jun 21, 2023 | Jun 22, 2023 | Jul 03, 2023 | $0.294 | 0.479% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Apr 03, 2023 | $0.575 | 0.97% |
FAQ
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