Yieldmaxtm Magnificent 7 Fund Of Option Trust Forecast
Yieldmaxtm Magnificent 7 Fund Of Option trust price up 0.191% on Thursday
(Updated on Jun 27, 2024)
The Yieldmaxtm Magnificent 7 Fund Of Option trust price gained 0.191% on the last trading day (Thursday, 27th Jun 2024), rising from $20.89 to $20.93. 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 trust fluctuated 0.576% from a day low at $20.82 to a day high of $20.94. The price has been going up and down for this period, and there has been a -0.48% loss for the last 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 139 thousand shares were bought and sold for approximately $2.90 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 trust lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 2.85% during the next 3 months and, with a 90% probability hold a price between $21.05 and $21.92 at the end of this 3-month period.
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YMAG Signals & Forecast
Mostly positive signals in the chart today. The Yieldmaxtm Magnificent 7 Fund Of Option 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 $20.66 and $20.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.65%. 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 trust should be watched closely.
Support, Risk & Stop-loss for Yieldmaxtm Magnificent 7 Fund Of Option trust
Yieldmaxtm Magnificent 7 Fund Of Option finds support from accumulated volume at $20.75 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 $0.120 between high and low, or 0.576%. For the last week the trust has had daily average volatility of 1.07%.
Our recommended stop-loss: $19.93 (-4.80%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (YMAG) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Yieldmaxtm Magnificent 7 Fund Of Option Income Etfs to open at $20.90, and during the day (based on 14 day Average True Range), to move between $20.66 and $21.20, which gives a possible trading interval of +/-$0.266 (+/-1.27%) up or down from last closing price. If Yieldmaxtm Magnificent 7 Fund Of Option Income Etfs takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.03 (0.48%) than the support at $20.75 (0.86%), 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 Yieldmaxtm Magnificent 7 Fund Of Option Income Etfs 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 Yieldmaxtm Magnificent 7 Fund Of Option trust to perform well in the short-term.
Current score: 2.149 Buy Candidate Unchanged
Predicted Opening Price for Yieldmaxtm Magnificent 7 Fund Of Option Income Etfs of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$20.90 ( 0.159%) | $20.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YMAG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.02 | 0.414% |
R2 | 20.97 | 0.195% |
R1 | 20.94 | 0.0597% |
Price | 20.93 | |
S1 | 20.85 | -0.378% |
S2 | 20.82 | -0.513% |
S3 | 20.78 | -0.732% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 21.08 | 0.717% |
R1 | 21.03 | 0.478% |
Price | 20.93 | |
S1 | 20.75 | -0.86% |
S2 | 20.72 | -1.00% |
S3 | 20.49 | -2.10% |
YMAG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | May 15, 2024 | May 17, 2024 | $0.637 | 3.18% |
2 | Feb 08, 2024 | Apr 17, 2024 | Apr 19, 2024 | $0.623 | 3.32% |
3 | Feb 08, 2024 | Mar 14, 2024 | Mar 18, 2024 | $0.592 | 2.94% |
4 | Feb 08, 2024 | Feb 15, 2024 | Feb 20, 2024 | $0.431 | 2.17% |
FAQ
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