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EVNT
ETF ticker: NYSE ARCA
AS OF
Dec 18, 01:30 PM (EDT)
Price
$10.64
Change
-$0.09 (-0.84%)
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
A.I.Advisor
a Summary for EVNT with price predictions
Dec 17, 2024

Momentum Indicator for EVNT turns positive, indicating new upward trend

EVNT saw its Momentum Indicator move above the 0 level on December 04, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 53 similar instances where the indicator turned positive. In of the 53 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis
Bearish Trend Analysis

The 10-day RSI Indicator for EVNT moved out of overbought territory on December 13, 2024. 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 21 similar instances where the indicator moved out of overbought territory. In of the 21 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 41 cases where EVNT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for EVNT turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 31 similar instances when the indicator turned negative. In of the 31 cases the stock turned lower in the days that followed. This puts the odds of success at .

EVNT broke above its upper Bollinger Band on December 04, 2024. 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.

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 42.53B. The market cap for tickers in the group ranges from 27.35M to 461.22B. XOM holds the highest valuation in this group at 461.22B. The lowest valued company is LVTX at 27.35M.

High and low price notable news

The average weekly price growth across all stocks in the AltShares Event-Driven ETF ETF was 10%. For the same ETF, the average monthly price growth was 40%, and the average quarterly price growth was 101%. VFC experienced the highest price growth at 8%, while LVTX experienced the biggest fall at -29%.

Volume

The average weekly volume growth across all stocks in the AltShares Event-Driven ETF ETF was -15%. For the same stocks of the ETF, the average monthly volume growth was -36% and the average quarterly volume growth was 22%

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: 60
Price Growth Rating: 53
SMR Rating: 74
Profit Risk Rating: 77
Seasonality Score: 31 (-100 ... +100)
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EVNT
Daily Signalchanged days ago
Gain/Loss if bought
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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