Yieldmax Tsla Option Income Strategy Etf ETF Forecast
Green day on Tuesday for Yieldmax Tsla Option Income Strategy Etf ETF after gaining 1.60%
(Updated on Jun 25, 2024)
The Yieldmax Tsla Option Income Strategy Etf ETF price gained 1.60% on the last trading day (Tuesday, 25th Jun 2024), rising from $15.63 to $15.88. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.78% from a day low at $15.60 to a day high of $15.88. The price has risen in 6 of the last 10 days and is up by 9.22% over the past 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 548 thousand shares were bought and sold for approximately $8.70 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 ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $15.74, a level that may pose a second chance to hit a runner. According to fan-theory $16.98 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TSLY Signals & Forecast
Mostly positive signals in the chart today. The Yieldmax Tsla Option Income Strategy Etf ETF 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 $15.54 and $15.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 11.05%. 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 ETF should be watched closely.
Support, Risk & Stop-loss for Yieldmax Tsla Option Income Strategy Etf ETF
Yieldmax Tsla Option Income Strategy Etf finds support from accumulated volume at $15.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.277 (1.78%) between high and low. For the last week, the ETF has had daily average volatility of 1.49%.
Our recommended stop-loss: $15.15 (-4.62%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (TSLY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Yieldmax Tsla Option Income Strategy Etf to open at $15.79, and during the day (based on 14 day Average True Range), to move between $15.48 and $16.28, which gives a possible trading interval of +/-$0.404 (+/-2.54%) up or down from last closing price. If Yieldmax Tsla Option Income Strategy Etf takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.63, some $0.250 (1.57%) from the current price of $15.88, our system finds the risk reward attractive.
Is Yieldmax Tsla Option Income Strategy Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Yieldmax Tsla Option Income Strategy Etf ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.
Current score: 3.875 Buy Candidate Unchanged
Predicted Opening Price for Yieldmax Tsla Option Income Strategy Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $15.79 ( 0.582%) | $15.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSLY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.06 | 1.16% |
| R2 | 15.96 | 0.497% |
| R1 | 15.89 | 0.0849% |
| Price | 15.88 | |
| S1 | 15.68 | -1.25% |
| S2 | 15.62 | -1.66% |
| S3 | 15.51 | -2.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.88 | |
| S1 | 15.63 | -1.57% |
| S2 | 15.24 | -4.03% |
| S3 | 14.84 | -6.55% |
TSLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | May 06, 2024 | May 08, 2024 | $0.694 | 4.66% |
| 2 | Dec 14, 2023 | Apr 04, 2024 | Apr 08, 2024 | $0.684 | 4.47% |
| 3 | Dec 14, 2023 | Mar 06, 2024 | Mar 08, 2024 | $0.81 | 5.10% |
| 4 | Dec 14, 2023 | Feb 07, 2024 | Feb 09, 2024 | $0.81 | 4.55% |
| 5 | Dec 14, 2023 | Jan 05, 2024 | Jan 09, 2024 | $1.11 | 5.11% |
FAQ
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