YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG)

YieldMax Magnificent 7 Fund of Option Income ETFs is trading at $10.85, down 3.13% on the session. The 50 day average sits at $11.31 and the 200 day at $12.25, which puts the stock in a downtrend. RSI is at 44.4, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $11.08 with resistance near $11.32, so that band frames the current range. Average daily movement is roughly $0.17, or about 1.6% of the share price, which is what any stop placement has to allow for. The overall health score of 43 out of 100 combines a trend score of 23, momentum of 31 and a risk score of 92.

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.