Tidal Trust Ii ETF Forecast
Tidal Trust Ii ETF price down 0.688% on Friday
(Updated on Jun 28, 2024)
The Tidal Trust Ii ETF price fell by -0.688% on the last day (Friday, 28th Jun 2024) from $15.98 to $15.87. During the last trading day the ETF fluctuated 1.44% from a day low at $15.87 to a day high of $16.10. The price has fallen in 6 of the last 10 days and is down by -4.8% for this period. Volume has increased on the last day by 4 thousand 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, 19 thousand shares were bought and sold for approximately $296.39 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -14.63% during the next 3 months and, with a 90% probability hold a price between $12.92 and $14.10 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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PYPY Signals & Forecast
There are few to no technical positive signals at the moment. 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 $16.09 and $17.20. 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 05, 2024, and so far it has fallen -13.75%. 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 Trust Ii 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".
Support, Risk & Stop-loss for Tidal Trust Ii ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.228 between high and low, or 1.44%. For the last week, the ETF has had daily average volatility of 1.71%.
Tidal Trust Ii is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PYPY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tidal Trust Ii to open at $15.95, and during the day (based on 14 day Average True Range), to move between $15.53 and $16.21, which gives a possible trading interval of +/-$0.342 (+/-2.16%) up or down from last closing price. If Tidal Trust Ii takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $17.03, some $1.16 (7.32%) from the current price of $15.87, our system finds the risk reward not very attractive.
Is Tidal Trust Ii ETF A Buy?
Tidal Trust Ii holds several negative signals and is within a 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.
Current score: -3.383 Sell Candidate Unchanged
Predicted Opening Price for Tidal Trust Ii of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $15.95 ( 0.479%) | $15.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PYPY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.17 | 1.92% |
| R2 | 16.09 | 1.37% |
| R1 | 16.03 | 1.03% |
| Price | 15.87 | |
| S1 | 15.86 | -0.0699% |
| S2 | 15.81 | -0.409% |
| S3 | 15.72 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.40 | 15.94% |
| R2 | 18.00 | 13.42% |
| R1 | 17.03 | 7.32% |
| Price | 15.87 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
PYPY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | May 06, 2024 | May 08, 2024 | $0.94 | 5.18% |
| 2 | Dec 14, 2023 | Apr 04, 2024 | Apr 08, 2024 | $0.466 | 2.43% |
| 3 | Dec 14, 2023 | Mar 06, 2024 | Mar 08, 2024 | $0.723 | 4.08% |
| 4 | Dec 14, 2023 | Feb 07, 2024 | Feb 09, 2024 | $0.655 | 3.70% |
| 5 | Dec 14, 2023 | Jan 05, 2024 | Jan 09, 2024 | $0.566 | 2.94% |
FAQ
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