Tidal Trust Ii ETF Forecast
Green day on Thursday for Tidal Trust Ii ETF after gaining 0.0613%
(Updated on Jun 20, 2024)
The Tidal Trust Ii ETF price gained 0.0613% on the last trading day (Thursday, 20th Jun 2024), rising from $16.32 to $16.33. It has now gained 8 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.533% from a day low at $16.28 to a day high of $16.37. The price has risen in 9 of the last 10 days and is up by 2.25% 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, 609 thousand more shares were traded than the day before. In total, 707 thousand shares were bought and sold for approximately $11.54 million.
The ETF 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 $16.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -7.34% during the next 3 months and, with a 90% probability hold a price between $14.00 and $15.22 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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JEPY Signals & Forecast
The Tidal Trust Ii 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 $16.24 and $16.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.22%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 ETF
Tidal Trust Ii finds support from accumulated volume at $16.08 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 $0.0868 between high and low, or 0.533%. For the last week the ETF has had daily average volatility of 0.476%.
Since the Tidal Trust Ii has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $15.52 (-4.95%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (JEPY) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Tidal Trust Ii to open at $16.33, and during the day (based on 14 day Average True Range), to move between $16.22 and $16.44, which gives a possible trading interval of +/-$0.112 (+/-0.69%) up or down from last closing price. If Tidal Trust Ii takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.08 (1.53%) than the resistance at $16.95 (3.80%), 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 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.
Current score: 2.644 Buy Candidate Unchanged
Predicted Opening Price for Tidal Trust Ii of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $16.33 ( 0.0143%) | $16.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEPY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.41 | 0.517% |
| R2 | 16.38 | 0.314% |
| R1 | 16.36 | 0.189% |
| Price | 16.33 | |
| S1 | 16.29 | -0.217% |
| S2 | 16.27 | -0.343% |
| S3 | 16.24 | -0.546% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.62 | 7.90% |
| R2 | 17.59 | 7.72% |
| R1 | 16.95 | 3.80% |
| Price | 16.33 | |
| S1 | 16.08 | -1.53% |
| S2 | 16.02 | -1.90% |
| S3 | 15.82 | -3.12% |
FAQ
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