Tidal Trust Ii Defiance S&p 500 Trust Forecast

Tidal Trust Ii Defiance S&p 500 trust price ended at $20.20 on Tuesday, after gaining 0.248%.
(Updated on Jun 25, 2024)

SPYT Signals & Forecast

The Tidal Trust Ii Defiance S&p 500 trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.19 and $19.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.247%. Further fall is indicated until a new bottom pivot has been found. The trust had a Golden Star Signal on Friday, June 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the trust in question.

Support, Risk & Stop-loss for Tidal Trust Ii Defiance S&p 500 trust

Tidal Trust Ii Defiance S&p 500 finds support from accumulated volume at $20.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0600 between high and low, or 0.297%. For the last week the trust has had daily average volatility of 0.466%.

The Tidal Trust Ii Defiance S&p 500 trust is extremely overbought on RSI14 (87). This increases the short-term risk substantially.

Our recommended stop-loss: $19.54 (-3.28%) (This trust has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 15 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Tidal Trust Ii Defiance S&p 500 to open at $20.20, and during the day (based on 14 day Average True Range), to move between $20.05 and $20.35, which gives a possible trading interval of +/-$0.153 (+/-0.76%) up or down from last closing price. If Tidal Trust Ii Defiance S&p 500 takes out the full calculated possible swing range there will be an estimated 1.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.21 (0.05%) than the support at $20.01 (0.94%), 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 Trust Ii Defiance S&p 500 trust 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 Trust Ii Defiance S&p 500 trust to perform well in the short-term.

Current score: 2.852 Buy Candidate Unchanged

Predicted Opening Price for Tidal Trust Ii Defiance S&p 500 of Wednesday, June 26, 2024

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