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EVNT
ETF ticker: NYSE ARCA
AS OF
Jan 15 closing price
Price
$10.81
Change
+$0.07 (+0.65%)
Net Assets
4.93M

EVNT stock forecast, quote, news & analysis

Category: @Trading
EVNT
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published price charts
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A.I.Advisor
a Summary for EVNT with price predictions
Jan 08, 2025

EVNT's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for EVNT turned positive on January 03, 2025. Looking at past instances where EVNT's MACD turned positive, the stock continued to rise in of 30 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on EVNT as a result. In of 54 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

EVNT moved above its 50-day moving average on January 06, 2025 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 EVNT advanced for three days, in of 199 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for EVNT crossed bearishly below the 50-day moving average on December 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), Walt Disney Company (The) (NYSE:DIS), Boeing Company (NYSE:BA), Intel Corp (NASDAQ:INTC), Schlumberger Limited (NYSE:SLB), Pioneer Natural Resource Co (null:PXD), Hess Corp (NYSE:HES), Pinterest (NYSE:PINS), Juniper Networks (NYSE:JNPR).

Industry description

The investment seeks to achieve capital appreciation over a full market cycle with lower volatility than the broad equity market. To pursue the fund's investment objective, the adviser employs a "long/short" event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the "adviser") believes are or will be impacted by a publicly announced or anticipated corporate event. The adviser will hold a higher percentage of the fund's assets in long positions. The fund is non-diversified.

Market Cap

The average market capitalization across the AltShares Event-Driven ETF ETF is 42.61B. The market cap for tickers in the group ranges from 24.72M to 461.22B. XOM holds the highest valuation in this group at 461.22B. The lowest valued company is LVTX at 24.72M.

High and low price notable news

The average weekly price growth across all stocks in the AltShares Event-Driven ETF ETF was 2%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 7%. SATS experienced the highest price growth at 17%, while PACB experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the AltShares Event-Driven ETF ETF was 34%. For the same stocks of the ETF, the average monthly volume growth was 12% and the average quarterly volume growth was 69%

Fundamental Analysis Ratings

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

Valuation Rating: 60
P/E Growth Rating: 59
Price Growth Rating: 55
SMR Rating: 74
Profit Risk Rating: 78
Seasonality Score: 14 (-100 ... +100)
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EVNT
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Event Driven
Address
wicShares Trust41 Madison Avenue, 42nd Floor, New York, New York 10010
Phone
800-560-8210
Web
N/A