Tidal Trust Ii ETF Forecast
Tidal Trust Ii ETF upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Tidal Trust Ii ETF price gained 1.32% on the last trading day (Tuesday, 2nd Jul 2024), rising from $15.12 to $15.32. During the last trading day the ETF fluctuated 3.52% from a day low at $14.94 to a day high of $15.47. The price has fallen in 6 of the last 10 days and is down by -12.31% for this period. Volume fell on the last day by -45 thousand shares and in total, 36 thousand shares were bought and sold for approximately $550.59 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 ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -16.34% during the next 3 months and, with a 90% probability hold a price between $12.60 and $17.11 at the end of this 3-month period.
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MRNY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.32%. 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. The Tidal Trust Ii ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.03 and $18.86. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Tidal Trust Ii ETF
Tidal Trust Ii finds support from accumulated volume at $15.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF may move much during the day (volatility) and with periodic low trading volume this ETF is considered to be "high risk". During the last day, the ETF moved $0.526 between high and low, or 3.52%. For the last week the ETF has had daily average volatility of 4.96%.
Tidal Trust Ii is oversold on RSI14 (16). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRNY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Tidal Trust Ii to open at $15.24, and during the day (based on 14 day Average True Range), to move between $14.64 and $16.00, which gives a possible trading interval of +/-$0.677 (+/-4.42%) up or down from last closing price. If Tidal Trust Ii takes out the full calculated possible swing range there will be an estimated 8.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.12 (1.31%) than the resistance at $15.82 (3.26%), 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?
Tidal Trust Ii holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.314 Sell Candidate Upgraded
Predicted Opening Price for Tidal Trust Ii of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $15.24 ( 0.508%) | $15.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRNY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.77 | 2.93% |
| R2 | 15.57 | 1.61% |
| R1 | 15.44 | 0.80% |
| Price | 15.32 | |
| S1 | 15.04 | -1.82% |
| S2 | 14.92 | -2.63% |
| S3 | 14.72 | -3.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.62 | 15.01% |
| R2 | 17.00 | 10.97% |
| R1 | 15.82 | 3.26% |
| Price | 15.32 | |
| S1 | 15.12 | -1.31% |
| S2 | 0 | - |
| S3 | 0 | - |
MRNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | May 06, 2024 | May 08, 2024 | $0.95 | 4.71% |
| 2 | Dec 14, 2023 | Apr 04, 2024 | Apr 08, 2024 | $0.783 | 3.92% |
| 3 | Dec 14, 2023 | Mar 06, 2024 | Mar 08, 2024 | $1.13 | 5.59% |
| 4 | Dec 14, 2023 | Feb 07, 2024 | Feb 09, 2024 | $0.594 | 3.33% |
| 5 | Dec 14, 2023 | Jan 05, 2024 | Jan 09, 2024 | $2.65 | 12.00% |
FAQ
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