Defiance Nasdaq 100 Enhanced Options Stock Forecast
Defiance Nasdaq 100 Enhanced Options stock price up 0.417% on Tuesday
(Updated on Jul 02, 2024)
The Defiance Nasdaq 100 Enhanced Options stock price gained 0.417% on the last trading day (Tuesday, 2nd Jul 2024), rising from $14.39 to $14.45. During the last trading day the stock fluctuated 0.695% from a day low at $14.37 to a day high of $14.47. The price has been going up and down for this period, and there has been a -3.79% loss for the last 2 weeks. Volume fell on the last day by -148 thousand shares and in total, 582 thousand shares were bought and sold for approximately $8.40 million. 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 stock 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 stock is expected to fall -5.69% during the next 3 months and, with a 90% probability hold a price between $12.96 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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QQQY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.417%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Defiance Nasdaq 100 Enhanced Options stock 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 $14.79 and $14.91. A break-up above any of these levels will issue buy signals.
A buy signal from a double bottom formation was found on Monday, July 01, 2024 and based on theory for this formation the price should go up by 10.37% to $15.95 within 41 trading days since signal was issued (Wednesday, August 28, 2024).
Support, Risk & Stop-loss for Defiance Nasdaq 100 Enhanced Options stock
Defiance Nasdaq 100 Enhanced Options finds support from accumulated volume at $14.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0999 between high and low, or 0.695%. For the last week the stock has had daily average volatility of 0.690%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QQQY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Defiance Nasdaq 100 Enhanced Options Income ETF to open at $14.43, and during the day (based on 14 day Average True Range), to move between $14.29 and $14.61, which gives a possible trading interval of +/-$0.159 (+/-1.10%) up or down from last closing price. If Defiance Nasdaq 100 Enhanced Options Income ETF takes out the full calculated possible swing range there will be an estimated 2.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.40 (0.35%) than the resistance at $14.58 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Defiance Nasdaq 100 Enhanced Options Income ETF stock A Buy?
Defiance Nasdaq 100 Enhanced Options 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 stock.
Current score: -3.035 Sell Candidate Unchanged
Predicted Opening Price for Defiance Nasdaq 100 Enhanced Options Income ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $14.43 ( 0.138%) | $14.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QQQY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.53 | 0.553% |
| R2 | 14.49 | 0.289% |
| R1 | 14.47 | 0.126% |
| Price | 14.45 | |
| S1 | 14.39 | -0.402% |
| S2 | 14.37 | -0.565% |
| S3 | 14.33 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.82 | 9.48% |
| R2 | 15.06 | 4.22% |
| R1 | 14.58 | 0.90% |
| Price | 14.45 | |
| S1 | 14.40 | -0.346% |
| S2 | 14.39 | -0.415% |
| S3 | 14.35 | -0.692% |
QQQY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | Jun 03, 2024 | Jun 05, 2024 | $0.80 | 5.51% |
| 2 | Apr 30, 2024 | May 01, 2024 | May 06, 2024 | $0.86 | 5.87% |
| 3 | Apr 01, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.790 | 5.04% |
| 4 | Mar 01, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.80 | 4.87% |
| 5 | Jan 31, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.85 | 4.96% |
FAQ
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