Yieldmax Ultra Option Income Strategy ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Yieldmax Ultra Option Income Strategy ETF after gaining 0.0736%
(Updated on Jun 18, 2024)
The Yieldmax Ultra Option Income Strategy ETF price gained 0.0736% on the last trading day (Tuesday, 18th Jun 2024), rising from $13.59 to $13.60. During the last trading day the ETF fluctuated 1.56% from a day low at $13.48 to a day high of $13.69. The price has been going up and down for this period, and there has been a -5.88% loss for the last 2 weeks. Volume fell on the last day by -125 thousand shares and in total, 788 thousand shares were bought and sold for approximately $10.71 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $13.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Yieldmax Ultra Option Income Strategy ETF with a 90% probability to be traded between $13.39 and $14.84 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ULTY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.0736%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yieldmax Ultra Option Income Strategy 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 $14.35 and $14.44. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Yieldmax Ultra Option Income Strategy ETF
Yieldmax Ultra Option Income Strategy finds support from accumulated volume at $13.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.210 between high and low, or 1.56%. For the last week the ETF has had daily average volatility of 1.81%.
Our recommended stop-loss: $12.83 (-5.68%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ULTY) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Yieldmax Ultra Option Income Strategy Etf to open at $13.59, and during the day (based on 14 day Average True Range), to move between $13.16 and $14.04, which gives a possible trading interval of +/-$0.438 (+/-3.22%) up or down from last closing price. If Yieldmax Ultra Option Income Strategy Etf takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.59 (0.07%) than the resistance at $13.71 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yieldmax Ultra Option Income Strategy Etf ETF A Buy?
Yieldmax Ultra Option Income Strategy holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Yieldmax Ultra Option Income Strategy Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $13.59 ( 0.0735%) | $13.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULTY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.80 | 1.47% |
| R2 | 13.72 | 0.88% |
| R1 | 13.67 | 0.516% |
| Price | 13.60 | |
| S1 | 13.51 | -0.663% |
| S2 | 13.46 | -1.03% |
| S3 | 13.38 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.96 | 10.00% |
| R2 | 14.70 | 8.09% |
| R1 | 13.71 | 0.81% |
| Price | 13.60 | |
| S1 | 13.59 | -0.0735% |
| S2 | 0 | - |
| S3 | 0 | - |
ULTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | May 15, 2024 | May 17, 2024 | $1.28 | 8.70% |
| 2 | Mar 07, 2024 | Apr 17, 2024 | Apr 19, 2024 | $1.42 | 9.96% |
| 3 | Mar 07, 2024 | Mar 14, 2024 | Mar 18, 2024 | $1.07 | 5.91% |
FAQ
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