NYSE:ECT
Delisted

ECA Marcellus Trust I Stock Forecast

$0.400
+0 (+0%)
At Close: Sep 04, 2020
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

ECA Marcellus Trust I stock price down 0% on Friday
(Updated on Sep 04, 2020)

Hold candidate since Aug 03, 2020 PDF

No changes to the price of ECA Marcellus Trust I stock on the last trading day (Friday, 4th Sep 2020). During the last trading day the stock fluctuated 0% from a day low at $0.400 to a day high of $0.400. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.97% during the next 3 months and, with a 90% probability hold a price between $0.244 and $0.351 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ECT Signals & Forecast

There are mixed signals in the stock today. The ECA Marcellus Trust I stock 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 $0.400 and $0.404. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, July 30, 2020, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for ECA Marcellus Trust I stock

ECA Marcellus Trust I finds support from accumulated volume at $0.385 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $0.376 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (ECT) For The Upcoming Trading Day Of Tuesday 8th

For the upcoming trading day on Tuesday, 8th we expect ECA Marcellus Trust I to open at $0.400, and during the day (based on 14 day Average True Range), to move between $0.395 and $0.406, which gives a possible trading interval of +/-$0.0055 (+/-1.37%) up or down from last closing price. If ECA Marcellus Trust I takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.385 (3.77%) than the resistance at $0.447 (11.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ECA Marcellus Trust I stock A Buy?

ECA Marcellus Trust I holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for ECA Marcellus Trust I of Tuesday, September 8, 2020

Fair opening price September 8, 2020 Current price
$0.400 ( 0.00000000%) $0.400

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

Trading levels for ECT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.400 0.00000000 %
R2 0.400 0.00000000 %
R1 0.400 0.00000000 %
Current price: 0.400
Support S1 0.400 0.00000000 %
S2 0.400 0.00000000 %
S3 0.400 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.478 19.47 %
R2 0.460 14.94 %
R1 0.447 11.79 %
Current price 0.400
Support S1 0.385 -3.77%
S2 0 .
S3 0 .

FAQ

What is the symbol for ECA Marcellus Trust I Stock and on which exchange is it traded?
The symbol for ECA Marcellus Trust I is ECT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ECA Marcellus Trust I Stock?
ECA Marcellus Trust I holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy ECA Marcellus Trust I Stock?
ECA Marcellus Trust I Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ECA Marcellus Trust I Stock.

What's the current price of ECA Marcellus Trust I Stock?
As of the end of day on the 2020-09-04, the price of an ECA Marcellus Trust I (ECT) share was $0.400.

What is the 52-week high and low for ECA Marcellus Trust I Stock?
The 52-week high for ECA Marcellus Trust I Stock is $1.38 and the 52-week low is $0.260.
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About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation located in Greene County, Pennsylvania; and 52 horizontal natural gas development wells drilled to the Marcellus Shale formation comprising approximately 9,300 acres held by ECA in ... ECT Profile

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