(SOVF) Elevation Series Trust - Ratings and Ratios

The Elevation Series Trust (NYSE ARCA: SOVF) is an exchange-traded fund (ETF) that focuses on investing in common stocks of publicly traded U.S. companies, primarily within the mid-capitalization range. The fund is actively managed by its investment adviser, who employs a strategic approach to select securities that align with the funds objective of seeking long-term capital appreciation. The advisers active management strategy involves rigorous fundamental analysis, including evaluating factors such as a companys financial health, growth prospects, and competitive positioning.

The funds portfolio is constructed with a blend of growth and value stocks, reflecting its mid-cap blend category. This approach allows the fund to capitalize on the growth potential of mid-sized companies while seeking stability through value-oriented investments. As of the latest data, the fund has assets under management (AUM) of $104.61 million, indicating a moderate scale that enables active portfolio management without excessive market impact.

From a technical perspective, the funds recent trading activity shows an average volume of 16,874 shares over the past 20 days, with a last price of $30.60. The funds short-term and medium-term moving averages (SMA 20: $31.94, SMA 50: $31.55) suggest a recent dip below its 20-day average, while its long-term SMA 200 ($30.48) indicates a slightly upward trend over the past year. The Average True Range (ATR) of 0.43 reflects moderate volatility, suggesting that the funds price movements are relatively stable compared to more volatile assets.

Based on the provided data, the 3-month forecast for SOVF can be analyzed as follows:

Over the next three months, SOVF is expected to experience a slight decline in price based on its SMA trends. The SMA 20 ($31.94) and SMA 50 ($31.55) are currently above the SMA 200 ($30.48), indicating a potential short-term downtrend. However, the moderate ATR (0.43) suggests that volatility will remain contained, limiting significant downside risk.

The funds AUM of $104.61 million provides a stable foundation, allowing the investment adviser to maintain an active management strategy without facing liquidity challenges. The mid-cap blend category positions the fund to benefit from the growth potential of mid-sized companies, which are often more agile than larger-cap firms but less volatile than small-cap stocks.