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ECLN
ETF ticker:
NYSE ARCA
AS OF
Aug 5 closing price
Price
$26.14
Change
-$0.14 (-0.53%)
Net Assets
19.65M

ECLN Price Prediction, First Trust EIP Carbon Impact ETF AI Recommendations

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12:00 AM EDT Aug 05, 2022

ECLN in upward trend: 10-day moving average crossed above 50-day moving average on July 28, 2022

The 10-day moving average for ECLN crossed bullishly above the 50-day moving average on July 28, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 22, 2022. You may want to consider a long position or call options on ECLN as a result. In of 47 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

ECLN moved above its 50-day moving average on July 25, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ECLN advanced for three days, in of 227 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 202 cases where ECLN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ECLN moved out of overbought territory on August 04, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ECLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ECLN broke above its upper Bollinger Band on July 25, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
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published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), Dominion Energy (NYSE:D), Enphase Energy (NASDAQ:ENPH), Cheniere Energy (ASE:LNG).

Industry description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Market Cap

The average market capitalization across the First Trust EIP Carbon Impact ETF ETF is 28.43B. The market cap for tickers in the group ranges from 1.39B to 172.86B. NEE holds the highest valuation in this group at 172.86B. The lowest valued company is LFG at 1.39B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust EIP Carbon Impact ETF ETF was -1%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 10%. HASI experienced the highest price growth at 11%, while CQP experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the First Trust EIP Carbon Impact ETF ETF was -23%. For the same stocks of the ETF, the average monthly volume growth was 1% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 37
Price Growth Rating: 40
SMR Rating: 65
Profit Risk Rating: 37
Seasonality Score: -18 (-100 ... +100)
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published General Information

General Information

Category Utilities

Profile
Fundamentals
Details
Category
Utilities
Address
First Trust Exchange-Traded Fund IV120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
www.ftportfolios.com

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ECLN and

Correlation & Price change

A.I.dvisor tells us that ECLN and XLU have been poorly correlated (+5% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ECLN and XLU's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ECLN
1D Price
Change %
ECLN100%
+0.16%
XLU - ECLN
5%
Poorly correlated
-0.36%
FUTY - ECLN
4%
Poorly correlated
-0.46%
VPU - ECLN
3%
Poorly correlated
-0.47%
UTG - ECLN
3%
Poorly correlated
-0.34%
DNP - ECLN
-1%
Poorly correlated
-1.85%