USCF Midstream Energy Income Fund ETF Forecast

Green day on Friday for USCF Midstream Energy Income Fund
(Updated on May 03, 2024)

UMI Signals & Forecast

The USCF Midstream Energy Income Fund 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 $40.40. On a fall, the ETF will find some support from the long-term average at approximately $39.98. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). USCF Midstream Energy Income Fund 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.49%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, June 26, 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 USCF Midstream Energy Income Fund ETF

USCF Midstream Energy Income Fund finds support from accumulated volume at $39.68 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 $0.140 between high and low, or 0.349%. For the last week the ETF has had daily average volatility of 0.95%.

Our recommended stop-loss: $38.56 (-4.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (UMI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect USCF Midstream Energy Income Fund to open at $40.25, and during the day (based on 14 day Average True Range), to move between $39.83 and $40.69, which gives a possible trading interval of +/-$0.428 (+/-1.06%) up or down from last closing price. If USCF Midstream Energy Income Fund takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $40.52 (0.63%) than the support at $39.68 (1.44%), 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 USCF Midstream Energy Income Fund 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 USCF Midstream Energy Income Fund ETF to perform well in the short-term.

Current score: 3.149 Buy Candidate Unchanged

Predicted Opening Price for USCF Midstream Energy Income Fund of Monday, May 6, 2024

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