Tidal Trust Ii Trust Forecast
Green day on Thursday for Tidal Trust Ii trust after gaining 0.0780%
(Updated on Jun 20, 2024)
The Tidal Trust Ii trust price gained 0.0780% on the last trading day (Thursday, 20th Jun 2024), rising from $20.12 to $20.14. During the last trading day the trust fluctuated 0.298% from a day low at $20.12 to a day high of $20.18. The price has fallen in 6 of the last 10 days but is still up by 0.4% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 12 thousand shares were bought and sold for approximately $242.85 thousand. 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 trust is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tidal Trust Ii trust with a 90% probability to be traded between $20.23 and $20.39 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WEEL Signals & Forecast
The Tidal Trust Ii 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 $20.11 and $20.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.603%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Tidal Trust Ii trust
Tidal Trust Ii finds support from accumulated volume at $20.05 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.0599 between high and low, or 0.298%. For the last week the trust has had daily average volatility of 0.251%
Our recommended stop-loss: $19.12 (-5.08%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (WEEL) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Tidal Trust Ii to open at $20.15, and during the day (based on 14 day Average True Range), to move between $20.06 and $20.22, which gives a possible trading interval of +/-$0.0776 (+/-0.39%) up or down from last closing price. If Tidal Trust Ii takes out the full calculated possible swing range there will be an estimated 0.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.16 (0.10%) than the support at $20.05 (0.45%), 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 trust A Buy?
Tidal Trust Ii holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Tidal Trust Ii of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $20.15 ( 0.0333%) | $20.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEEL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.21 | 0.331% |
| R2 | 20.18 | 0.217% |
| R1 | 20.17 | 0.147% |
| Price | 20.14 | |
| S1 | 20.12 | -0.0803% |
| S2 | 20.11 | -0.151% |
| S3 | 20.09 | -0.264% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 20.16 | 0.0983% |
| Price | 20.14 | |
| S1 | 20.05 | -0.447% |
| S2 | 19.96 | -0.89% |
| S3 | 19.93 | -1.04% |
FAQ
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