Tidal Etf Trust Ii Yieldmax Nvd ETF Forecast

On Tuesday, Tidal Etf Trust Ii Yieldmax Nvd ETF price gained an impressive 6.76%
(Updated on Jun 25, 2024)

NVDY Signals & Forecast

The Tidal Etf Trust Ii Yieldmax Nvd ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $30.00. On a fall, the ETF will find some support from the long-term average at approximately $29.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 6.76%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, June 18, 2024 with a target of $30.03. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.

Support, Risk & Stop-loss for Tidal Etf Trust Ii Yieldmax Nvd ETF

Tidal Etf Trust Ii Yieldmax Nvd finds support from accumulated volume at $29.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.61 between high and low, or 5.74%. For the last week, the ETF has had daily average volatility of 4.73%.

Our recommended stop-loss: $28.65 (-3.54%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (NVDY) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Tidal Etf Trust Ii Yieldmax Nvd to open at $29.18, and during the day (based on 14 day Average True Range), to move between $28.57 and $30.83, which gives a possible trading interval of +/-$1.13 (+/-3.82%) up or down from last closing price. If Tidal Etf Trust Ii Yieldmax Nvd takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.59 (0.37%) than the resistance at $30.52 (2.76%), 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 Ii Yieldmax Nvd ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tidal Etf Trust Ii Yieldmax Nvd ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 1.777 Buy Candidate Upgraded

Predicted Opening Price for Tidal Etf Trust Ii Yieldmax Nvd of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.