Cambria Value and Momentum ETF Forecast

Evaluation of Cambria Value and Momentum ETF downgraded after the last trading session.
(Updated on Jun 14, 2024)

VAMO Signals & Forecast

There are few to no technical positive signals at the moment. The Cambria Value and Momentum ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.21 and $28.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Cambria Value and Momentum gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cambria Value and Momentum ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $0.0352 between high and low, or 0.127%. For the last week the ETF has had daily average volatility of 0.114%.

Cambria Value and Momentum is oversold on RSI14 (28). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VAMO) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Cambria Value and Momentum ETF to open at $27.75, and during the day (based on 14 day Average True Range), to move between $27.49 and $27.99, which gives a possible trading interval of +/-$0.248 (+/-0.90%) up or down from last closing price. If Cambria Value and Momentum ETF takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $28.77, some $1.03 (3.71%) from the current price of $27.74, our system finds the risk reward not very attractive.

Is Cambria Value and Momentum ETF ETF A Buy?

Cambria Value and Momentum holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.639 Sell Candidate Downgraded

Predicted Opening Price for Cambria Value and Momentum ETF of Monday, June 17, 2024

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