Tidal Etf Trust Ii Yieldmax Nvd ETF Forecast
Evaluation of Tidal Etf Trust Ii Yieldmax Nvd ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Tidal Etf Trust Ii Yieldmax Nvd ETF price gained 0.137% on the last trading day (Friday, 28th Jun 2024), rising from $29.27 to $29.31. During the last trading day the ETF fluctuated 3.08% from a day low at $29.11 to a day high of $30.01. The price has risen in 6 of the last 10 days but is still down by -3.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 127 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $37.70 million.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.75% during the next 3 months and, with a 90% probability hold a price between $28.73 and $32.68 at the end of this 3-month period.
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NVDY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Tidal Etf Trust Ii Yieldmax Nvd 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 $29.42 and $29.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found.
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 $28.82 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 $0.90 between high and low, or 3.08%. For the last week, the ETF has had daily average volatility of 4.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVDY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tidal Etf Trust Ii Yieldmax Nvd to open at $29.48, and during the day (based on 14 day Average True Range), to move between $28.22 and $30.40, which gives a possible trading interval of +/-$1.09 (+/-3.72%) 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 7.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.59 (0.96%) than the support at $28.82 (1.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Tidal Etf Trust Ii Yieldmax Nvd ETF A Buy?
The Tidal Etf Trust Ii Yieldmax Nvd ETF holds several negative signals and despite the positive trend, we believe Tidal Etf Trust Ii Yieldmax Nvd will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.175 Sell Candidate Downgraded
Predicted Opening Price for Tidal Etf Trust Ii Yieldmax Nvd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $29.48 ( 0.569%) | $29.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVDY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.37 | 3.63% |
| R2 | 30.03 | 2.46% |
| R1 | 29.82 | 1.74% |
| Price | 29.31 | |
| S1 | 29.13 | -0.599% |
| S2 | 28.92 | -1.32% |
| S3 | 28.58 | -2.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.54 | 4.20% |
| R2 | 30.52 | 4.13% |
| R1 | 29.59 | 0.96% |
| Price | 29.31 | |
| S1 | 28.82 | -1.67% |
| S2 | 28.58 | -2.49% |
| S3 | 27.82 | -5.08% |
NVDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | May 06, 2024 | May 08, 2024 | $1.20 | 4.66% |
| 2 | Dec 14, 2023 | Apr 04, 2024 | Apr 08, 2024 | $2.61 | 9.96% |
| 3 | Dec 14, 2023 | Mar 06, 2024 | Mar 08, 2024 | $2.62 | 9.50% |
| 4 | Dec 14, 2023 | Feb 07, 2024 | Feb 09, 2024 | $1.53 | 6.00% |
| 5 | Jan 05, 2024 | Jan 05, 2024 | Jan 09, 2024 | $0.626 | 2.82% |
FAQ
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