Tidal Trust Ii - Tactical Advantage Etf ETF Forecast
Tidal Trust Ii - Tactical Advantage Etf ETF downgraded to Buy Candidate
(Updated on Jul 03, 2024)
The Tidal Trust Ii - Tactical Advantage Etf ETF price gained 0.367% on the last trading day (Wednesday, 3rd Jul 2024), rising from $21.77 to $21.85. During the last trading day the ETF fluctuated 0.252% from a day low at $21.84 to a day high of $21.89. The price has fallen in 6 of the last 10 days and is down by -0.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 828 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $66.97 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tidal Trust Ii - Tactical Advantage Etf ETF with a 90% probability to be traded between $21.96 and $22.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FDAT Signals & Forecast
The Tidal Trust Ii - Tactical Advantage 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 $21.76 and $21.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.732%. Further rise is indicated until a new top pivot has been found. Tidal Trust Ii - Tactical Advantage 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tidal Trust Ii - Tactical Advantage Etf ETF
Tidal Trust Ii - Tactical Advantage Etf finds support from accumulated volume at $21.75 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 $0.0550 between high and low, or 0.252%. For the last week the ETF has had daily average volatility of 0.450%.
Our recommended stop-loss: $20.54 (-5.97%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FDAT) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Tidal Trust Ii - Tactical Advantage Etf to open at $21.86, and during the day (based on 14 day Average True Range), to move between $21.70 and $22.00, which gives a possible trading interval of +/-$0.146 (+/-0.67%) up or down from last closing price. If Tidal Trust Ii - Tactical Advantage Etf takes out the full calculated possible swing range there will be an estimated 1.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.75 (0.46%) than the resistance at $21.95 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tidal Trust Ii - Tactical Advantage Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tidal Trust Ii - Tactical Advantage Etf ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.044 Buy Candidate Downgraded
Predicted Opening Price for Tidal Trust Ii - Tactical Advantage Etf of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $21.86 ( 0.0387%) | $21.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDAT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.91 | 0.290% |
| R2 | 21.89 | 0.194% |
| R1 | 21.88 | 0.135% |
| Price | 21.85 | |
| S1 | 21.84 | -0.0574% |
| S2 | 21.82 | -0.117% |
| S3 | 21.80 | -0.213% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.99 | 0.658% |
| R2 | 21.99 | 0.654% |
| R1 | 21.95 | 0.459% |
| Price | 21.85 | |
| S1 | 21.75 | -0.457% |
| S2 | 21.70 | -0.666% |
| S3 | 21.59 | -1.17% |
FDAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.329 | 1.58% |
FAQ
Click here for our free guide on how to buy Tidal Trust Ii - Tactical Advantage Etf ETF.
