Cambria Value and Momentum ETF Forecast

Red day on Tuesday for Cambria Value and Momentum ETF after losing 1.20%
(Updated on Jun 25, 2024)

VAMO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.0543%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $27.75 and $28.78. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

Cambria Value and Momentum finds support from accumulated volume at $27.62 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 controlled movements and therefore the general risk is considered 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 $0.0850 between high and low, or 0.309%. For the last week the ETF has had daily average volatility of 0.462%.

Our recommended stop-loss: $25.85 (-6.48%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (VAMO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Cambria Value and Momentum ETF to open at $27.61, and during the day (based on 14 day Average True Range), to move between $27.38 and $27.89, which gives a possible trading interval of +/-$0.256 (+/-0.93%) 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 1.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.62 (0.05%) than the resistance at $28.77 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cambria Value and Momentum ETF ETF A Buy?

Cambria Value and Momentum holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.159 Hold/Accumulate Unchanged

Predicted Opening Price for Cambria Value and Momentum ETF of Wednesday, June 26, 2024

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