(CBLS) Elevation Series Trust - Ratings and Ratios

The Elevation Series Trust (NYSE ARCA: CBLS) is an actively managed exchange-traded fund (ETF) designed to capitalize on both upward and downward market movements by employing a long-short equity strategy. The fund seeks to achieve its investment objective by identifying and investing in securities with above-average financial characteristics, undervalued assets, or growth potential, while also taking short positions in securities expected to decline in value. Under normal market conditions, the ETF allocates at least 80% of its net assets, plus borrowings for investment purposes, to equity securities, including common stocks and depositary receipts. This approach allows the fund to hedge against market downturns while seeking to generate returns in various market conditions.

From a technical standpoint, CBLS is currently trading below its 20-day and 50-day simple moving averages (SMA) of 27.31 and 27.20, respectively, but above its 200-day SMA of 25.92. This suggests short-term underperformance relative to its recent averages, though it remains above its longer-term trend. The Average True Range (ATR) of 0.34 indicates relatively low volatility. With an average daily trading volume of 1975 shares over the past 20 days, the fund exhibits limited liquidity, which may impact execution for larger trades. Its assets under management (AUM) total $44.69 million, reflecting a smaller-sized ETF in the equity hedged category.

3-Month Forecast (Based on Technical and Fundamental Data): - Technical Outlook: CBLS may face near-term resistance at its 50-day SMA (27.20) and 20-day SMA (27.31). Support is likely to hold at its 200-day SMA (25.92). Given the low ATR of 0.34, price movements are expected to remain subdued, with a potential trading range between 25.50 and 27.50. - Fundamental Outlook: The funds small AUM and low trading volume may limit its ability to capitalize on market inefficiencies, potentially leading to modest returns. However, its hedged strategy could provide downside protection if broader market conditions deteriorate.