EV Energy Partners Fund Forecast
Red day on Wednesday for EV Energy Partners fund after losing 0%
(Updated on Jun 06, 2018)
No changes to the price of EV Energy Partners fund on the last trading day (Wednesday, 6th Jun 2018). During the last trading day the fund fluctuated 0% from a day low at $0.128 to a day high of $0.128. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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EVEP Signals & Forecast
There are mixed signals in the fund today. The EV Energy Partners fund 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 $0.128 and $0.133. 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, May 10, 2018, 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 EV Energy Partners fund
EV Energy Partners finds support from accumulated volume at $0.128 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVEP) For The Upcoming Trading Day Of Thursday 7th
For the upcoming trading day on Thursday, 7th we expect EV Energy Partners to open at $0.128, and during the day (based on 14 day Average True Range), to move between $0.123 and $0.134, which gives a possible trading interval of +/-$0.0057 (+/-4.45%) up or down from last closing price. If EV Energy Partners takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.128 (0.23%) than the resistance at $0.147 (14.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EV Energy Partners fund A Buy?
EV Energy Partners holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -2.070 Sell Candidate Unchanged
Predicted Opening Price for EV Energy Partners of Thursday, June 7, 2018
Fair opening price June 7, 2018 | Current price |
---|---|
$0.128 ( 0%) | $0.128 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVEP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.128 | . | |
R2 | 0.128 | . | ||
R1 | 0.128 | . | ||
Current price: | 0.128 | |||
Support | S1 | 0.128 | . | |
S2 | 0.128 | . | ||
S3 | 0.128 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.160 | 24.71 % | |
R2 | 0.154 | 20.03 % | ||
R1 | 0.147 | 14.33 % | ||
Current price | 0.128 | |||
Support | S1 | 0.128 | -0.234% | |
S2 | 0.125 | -2.49% | ||
S3 | 0.123 | -4.52% |
FAQ
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