(TSMY) Tidal Trust II - Ratings and Ratios

Tidal Trust II is an actively managed ETF that offers a unique investment strategy, focusing on generating current income while providing indirect exposure to Taiwan Semiconductor Manufacturing Co Ltd.s (TSM) American Depositary Receipt (ADR) share price. The funds performance is tied to TSM, a leading semiconductor manufacturer, but comes with a cap on potential gains.

The ETF is categorized under Derivative Income, indicating its use of derivative instruments to achieve its investment objectives. As a non-diversified fund, Tidal Trust II may have a higher concentration of assets, potentially amplifying both gains and losses. With assets under management (AUM) standing at $49.13 million, the fund is relatively small but still actively managed.

Analyzing the technical data, the ETFs last price is $15.27, significantly above its 20-day SMA of $14.19 and 50-day SMA of $13.60, indicating a positive short-term trend. However, its below its 200-day SMA of $14.76, suggesting a mixed medium-term outlook. The Average True Range (ATR) of 0.47, or 3.09%, implies moderate volatility. The 52-week high and low range of $16.91 to $11.64 indicates the ETF has experienced considerable price fluctuations.

Combining technical and fundamental insights, a forecast for TSMY can be derived. Given the current price is above its short-term moving averages and the overall trend in the semiconductor industry remains positive due to increasing demand for advanced chips, theres potential for TSMY to continue its upward trajectory. However, the capped gain on TSM exposure may limit the upside. If the current price momentum continues and the funds management effectively navigates the derivative income strategy, TSMY could potentially reach towards its 52-week high of $16.91. Conversely, a decline in TSMs share price or increased market volatility could push the price back towards its 50-day SMA or lower. A realistic near-term target could be $16.00, representing a potential gain of about 4.8% from the current price, assuming the positive trend persists and the funds AUM doesnt significantly decline.