(CBLS) Elevation Series Trust - Ratings and Ratios

The Elevation Series Trust (CBLS) is an actively managed equity ETF that employs a dual strategy of investing in securities with strong financials, undervaluation, and growth potential, while simultaneously shorting securities expected to decline. This approach aims to capitalize on both upward and downward market movements.

The fund maintains a significant equity exposure, with a minimum of 80% of its net assets, plus borrowings for investment purposes, allocated to equity securities, including common stocks and depositary receipts. This indicates a substantial commitment to the equity market, tempered by the advisers selective approach to stock picking and hedging.

From a technical standpoint, the ETF is currently trading at $28.34, above its 20-day, 50-day, and 200-day simple moving averages (SMA) of $27.37, $26.51, and $26.16, respectively. The Average True Range (ATR) stands at 0.28, indicating a daily volatility of 1.00%. Given its proximity to the 52-week high of $28.76 and distance from the 52-week low of $23.97, the ETF appears to be in an upward trend. The SMAs suggest a bullish short to medium-term outlook.

Fundamentally, the ETF has $41.80M in Assets Under Management (AUM), indicating a relatively modest size. While not exceptionally large, it is sufficiently sizable to suggest a viable investment vehicle.

Forecast: Based on the technical indicators, the upward trend is likely to continue, with potential resistance at the 52-week high of $28.76. If the ETF breaks through this level, it may signal further growth. Conversely, a drop below the 20-day SMA could indicate a reversal. With its active management strategy and current market positioning, a reasonable forecast is for the ETF to potentially reach $30.00 within the next few months, assuming the advisers stock selection and hedging strategies remain effective. However, failure to break through the current 52-week high could result in consolidation around the current price levels.