Technical Analysis for YMAG - Tidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFs
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 20.35 | -0.05% | -0.01 |
YMAG closed up 1.85 percent on Friday, May 24, 2024, on 69 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | -0.05% | |
| 180 Bullish Setup | Bullish Swing Setup | -0.05% | |
| New 52 Week High | Strength | -0.05% | |
| Gapped Up | Strength | -0.05% | |
| Overbought Stochastic | Strength | -0.05% | |
| Bearish Engulfing | Bearish | 1.80% | |
| New 52 Week High | Strength | 1.80% | |
| Multiple of Ten Bearish | Other | 1.80% | |
| Outside Day | Range Expansion | 1.80% | |
| Gapped Up | Strength | 1.80% |
| Alert | Time |
|---|---|
| Bullish 180 Entry | 30 minutes ago |
| Rose Above Previous Day's High | 30 minutes ago |
| New 52 Week High | 30 minutes ago |
| 2x Volume Pace | 30 minutes ago |
| 1.5x Volume Pace | 30 minutes ago |
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Basic chart:
The fund is a "fund of funds," meaning that it primarily invests its assets in the shares of other ETFs, rather than in securities of individual companies. Under normal circumstances, the fund will be nearly fully invested in the seven Underlying YieldMax" ETFs; provided that for tax purposes, instead of investing in a particular Underlying YieldMax" ETF, the fund may invest directly in substantially the same instruments held by that same Underlying YieldMax" ETF. The fund is non-diversified.
Keywords: Exchange Traded Funds Investment Management Inverse Exchange Traded Fund Fund Of Funds
Classification
Keywords: Exchange Traded Funds Investment Management Inverse Exchange Traded Fund Fund Of Funds
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 20.36 |
| 52 Week Low | 17.3689 |
| Average Volume | 98,038 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 19.32 |
| 20-Day Moving Average | 19.70 |
| 10-Day Moving Average | 20.00 |
| Average True Range | 0.26 |
| RSI (14) | 69.14 |
| ADX | 16.99 |
| +DI | 30.16 |
| -DI | 15.76 |
| Chandelier Exit (Long, 3 ATRs) | 19.60 |
| Chandelier Exit (Short, 3 ATRs) | 18.75 |
| Upper Bollinger Bands | 20.49 |
| Lower Bollinger Band | 18.91 |
| Percent B (%b) | 0.92 |
| BandWidth | 8.02 |
| MACD Line | 0.30 |
| MACD Signal Line | 0.25 |
| MACD Histogram | 0.0436 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 20.79 | ||||
| Resistance 3 (R3) | 20.74 | 20.55 | 20.72 | ||
| Resistance 2 (R2) | 20.55 | 20.44 | 20.57 | 20.69 | |
| Resistance 1 (R1) | 20.46 | 20.37 | 20.50 | 20.50 | 20.67 |
| Pivot Point | 20.27 | 20.27 | 20.29 | 20.29 | 20.27 |
| Support 1 (S1) | 20.17 | 20.16 | 20.22 | 20.22 | 20.05 |
| Support 2 (S2) | 19.98 | 20.09 | 20.00 | 20.03 | |
| Support 3 (S3) | 19.89 | 19.98 | 20.00 | ||
| Support 4 (S4) | 19.93 |
