Yieldmax Amd Option Income Strategy Etf ETF Forecast
Yieldmax Amd Option Income Strategy Etf ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Yieldmax Amd Option Income Strategy Etf ETF price gained 1.72% on the last trading day (Friday, 28th Jun 2024), rising from $16.88 to $17.17. During the last trading day the ETF fluctuated 2.99% from a day low at $16.99 to a day high of $17.50. The price has risen in 5 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 273 thousand more shares were traded than the day before. In total, 392 thousand shares were bought and sold for approximately $6.73 million.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -8.78% during the next 3 months and, with a 90% probability hold a price between $14.55 and $17.48 at the end of this 3-month period.
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AMDY Signals & Forecast
Mostly positive signals in the chart today. The Yieldmax Amd Option Income Strategy Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.89 and $17.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 6.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Yieldmax Amd Option Income Strategy Etf ETF
Yieldmax Amd Option Income Strategy Etf finds support from accumulated volume at $16.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.508 between high and low, or 2.99%. For the last week, the ETF has had daily average volatility of 2.53%.
Our recommended stop-loss: $16.18 (-5.79%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (AMDY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Yieldmax Amd Option Income Strategy Etf to open at $17.22, and during the day (based on 14 day Average True Range), to move between $16.64 and $17.70, which gives a possible trading interval of +/-$0.528 (+/-3.08%) up or down from last closing price. If Yieldmax Amd Option Income Strategy Etf takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.87 (1.75%) than the resistance at $18.09 (5.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yieldmax Amd Option Income Strategy Etf ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 3.595 Buy Candidate Upgraded
Predicted Opening Price for Yieldmax Amd Option Income Strategy Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $17.22 ( 0.287%) | $17.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMDY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.73 | 3.25% |
| R2 | 17.53 | 2.12% |
| R1 | 17.41 | 1.42% |
| Price | 17.17 | |
| S1 | 17.03 | -0.84% |
| S2 | 16.91 | -1.54% |
| S3 | 16.71 | -2.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.83 | 21.32% |
| R2 | 20.59 | 19.92% |
| R1 | 18.09 | 5.36% |
| Price | 17.17 | |
| S1 | 16.87 | -1.75% |
| S2 | 16.60 | -3.32% |
| S3 | 16.59 | -3.38% |
FAQ
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