Tidal Trust Ii Trust Forecast
Green day on Thursday for Tidal Trust Ii
(Updated on Jun 27, 2024)
The Tidal Trust Ii trust price gained 1.18% on the last trading day (Thursday, 27th Jun 2024), rising from $18.71 to $18.93. During the last trading day the trust fluctuated 0.476% from a day low at $18.90 to a day high of $18.99. The price has risen in 6 of the last 10 days and is up by 1.57% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 17 thousand shares were bought and sold for approximately $330.08 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The trust lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the trust is expected to fall -2.28% during the next 3 months and, with a 90% probability hold a price between $17.63 and $18.66 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GDXY Signals & Forecast
The Tidal Trust Ii trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust 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 $18.75 and $18.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.92%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -2.48% to $18.46 within 7 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Tidal Trust Ii trust
Tidal Trust Ii finds support from accumulated volume at $18.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.0900 between high and low, or 0.476%. For the last week the trust has had daily average volatility of 0.96%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GDXY) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Tidal Trust Ii to open at $18.94, and during the day (based on 14 day Average True Range), to move between $18.57 and $19.29, which gives a possible trading interval of +/-$0.362 (+/-1.91%) up or down from last closing price. If Tidal Trust Ii takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.87 (0.32%) than the resistance at $19.04 (0.58%), 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 trust A Buy?
Tidal Trust Ii holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this trust.
Current score: -1.330 Sell Candidate Unchanged
Predicted Opening Price for Tidal Trust Ii of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $18.94 ( 0.0528%) | $18.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDXY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.03 | 0.528% |
| R2 | 19.00 | 0.347% |
| R1 | 18.97 | 0.234% |
| Price | 18.93 | |
| S1 | 18.91 | -0.129% |
| S2 | 18.88 | -0.241% |
| S3 | 18.85 | -0.423% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.37 | 2.33% |
| R2 | 19.31 | 1.99% |
| R1 | 19.04 | 0.581% |
| Price | 18.93 | |
| S1 | 18.87 | -0.317% |
| S2 | 18.69 | -1.27% |
| S3 | 18.26 | -3.54% |
FAQ
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