Yieldmax Meta Option Income Strategy Etf ETF Forecast
Green day on Thursday for Yieldmax Meta Option Income Strategy Etf
(Updated on Jun 27, 2024)
The Yieldmax Meta Option Income Strategy Etf ETF price gained 0.458% on the last trading day (Thursday, 27th Jun 2024), rising from $19.65 to $19.74. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.458% from a day low at $19.66 to a day high of $19.75. The price has risen in 6 of the last 10 days and is up by 2.17% 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, 32 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately $1.47 million.
The ETF has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $19.70 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $20.68 sometime during the next 3 months.
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FBY Signals & Forecast
Mostly positive signals in the chart today. The Yieldmax Meta Option Income Strategy Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.39 and $19.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 5.00%. 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). Yieldmax Meta Option Income Strategy Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Yieldmax Meta Option Income Strategy Etf ETF
Yieldmax Meta Option Income Strategy Etf finds support from accumulated volume at $19.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0900 between high and low, or 0.458%. For the last week the ETF has had daily average volatility of 1.44%.
Our recommended stop-loss: $18.71 (-5.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FBY) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Yieldmax Meta Option Income Strategy Etf to open at $19.72, and during the day (based on 14 day Average True Range), to move between $19.44 and $20.04, which gives a possible trading interval of +/-$0.301 (+/-1.53%) up or down from last closing price. If Yieldmax Meta Option Income Strategy Etf takes out the full calculated possible swing range there will be an estimated 3.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.82 (0.41%) than the support at $19.60 (0.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Yieldmax Meta Option Income Strategy Etf ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Yieldmax Meta Option Income Strategy Etf ETF to perform well in the short-term period.
Current score: 2.625 Buy Candidate Unchanged
Predicted Opening Price for Yieldmax Meta Option Income Strategy Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $19.72 ( 0.118%) | $19.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.81 | 0.338% |
| R2 | 19.77 | 0.164% |
| R1 | 19.75 | 0.0560% |
| Price | 19.74 | |
| S1 | 19.68 | -0.292% |
| S2 | 19.66 | -0.400% |
| S3 | 19.63 | -0.574% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 19.82 | 0.405% |
| Price | 19.74 | |
| S1 | 19.60 | -0.709% |
| S2 | 19.56 | -0.91% |
| S3 | 19.32 | -2.13% |
FBY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | May 06, 2024 | May 08, 2024 | $0.90 | 4.65% |
| 2 | Dec 15, 2023 | Apr 04, 2024 | Apr 08, 2024 | $1.17 | 5.27% |
| 3 | Dec 15, 2023 | Mar 06, 2024 | Mar 08, 2024 | $1.18 | 5.07% |
| 4 | Dec 15, 2023 | Feb 07, 2024 | Feb 09, 2024 | $1.18 | 5.24% |
| 5 | Dec 15, 2023 | Jan 05, 2024 | Jan 09, 2024 | $0.99 | 4.71% |
FAQ
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