Zacks Earnings Consistent Portfolio ETF Forecast

Zacks Earnings Consistent Portfolio ETF price up 0.158% on Wednesday
(Updated on May 08, 2024)

ZECP Signals & Forecast

The Zacks Earnings Consistent Portfolio 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 $27.44 and $27.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.88%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Zacks Earnings Consistent Portfolio ETF

Zacks Earnings Consistent Portfolio finds support from accumulated volume at $27.76 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 $0.310 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.622%

Since the Zacks Earnings Consistent Portfolio has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $26.63 (-4.46%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (ZECP) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Zacks Earnings Consistent Portfolio ETF to open at $27.93, and during the day (based on 14 day Average True Range), to move between $27.63 and $28.11, which gives a possible trading interval of +/-$0.240 (+/-0.86%) up or down from last closing price. If Zacks Earnings Consistent Portfolio ETF takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.76 (0.39%) than the resistance at $28.01 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zacks Earnings Consistent Portfolio 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 Zacks Earnings Consistent Portfolio ETF to perform well in the short-term period.

Current score: 1.216 Buy Candidate Unchanged

Predicted Opening Price for Zacks Earnings Consistent Portfolio ETF of Thursday, May 9, 2024

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