Tidal Etf Trust Aztlan North Am ETF Forecast
Evaluation of Tidal Etf Trust Aztlan North Am ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)
The Tidal Etf Trust Aztlan North Am ETF price fell by -0.195% on the last day (Thursday, 27th Jun 2024) from $20.47 to $20.43. During the last trading day the ETF fluctuated 0% from a day low at $20.43 to a day high of $20.43. The price has fallen in 6 of the last 10 days and is down by -1.97% for this period. Volume has increased on the last day by 52 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 266 shares were bought and sold for approximately $5.43 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $20.51 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Tidal Etf Trust Aztlan North Am ETF with a 90% probability to be traded between $19.93 and $20.36 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. 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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NRSH Signals & Forecast
There are few to no technical positive signals at the moment. The Tidal Etf Trust Aztlan North Am 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 $20.44 and $20.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -0.439%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Tidal Etf Trust Aztlan North Am gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tidal Etf Trust Aztlan North Am ETF
Tidal Etf Trust Aztlan North Am finds support from accumulated volume at $20.37 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.396%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NRSH) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Tidal Etf Trust Aztlan North Am to open at $20.43, and during the day (based on 14 day Average True Range), to move between $20.23 and $20.63, which gives a possible trading interval of +/-$0.196 (+/-0.96%) up or down from last closing price. If Tidal Etf Trust Aztlan North Am takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.37 (0.29%) than the resistance at $20.50 (0.34%), 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 Etf Trust Aztlan North Am ETF A Buy?
Tidal Etf Trust Aztlan North Am holds several negative signals and is within a narrow 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.587 Sell Candidate Downgraded
Predicted Opening Price for Tidal Etf Trust Aztlan North Am of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $20.43 ( 0%) | $20.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRSH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.43 | - |
| R2 | 20.43 | - |
| R1 | 20.43 | - |
| Price | 20.43 | |
| S1 | 20.43 | - |
| S2 | 20.43 | - |
| S3 | 20.43 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.76 | 1.62% |
| R2 | 20.60 | 0.81% |
| R1 | 20.50 | 0.343% |
| Price | 20.43 | |
| S1 | 20.37 | -0.294% |
| S2 | 20.32 | -0.538% |
| S3 | 20.29 | -0.685% |
NRSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 28, 2023 | $0.0367 | 0.166% |
FAQ
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