AHOY Stock Summary and Trading Ideas (Tidal ETF Trust Newday Ocean Health ETF | ARCA:AHOY)

AHOY invests in industry-leading companies that contribute positively to Ocean Health. The Fund categorizes Ocean Health companies as those concerned with and attentive to CO2 emissions, end of lifecycle product waste, and discharge into bodies of water, as well as companies committed to environmental protectionism. AHOY is actively traded and seeks long-term capital appreciation through investments primarily in the U.S.

Tidal ETF Trust Newday Ocean Health ETF trades on the ARCA stock market under the symbol AHOY.

As of April 19, 2024, AHOY stock price was flat at $22.70 with 87 million shares trading.

AHOY has a market cap of $2.84 million. This is considered a Sub-Micro Cap stock.

AHOY stock has underperformed the market in the last year with a return of +17.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AHOY shares. However, AHOY has outperformed the market in the last 3 month and 2 week periods, returning +4.6% and -2.1%, while SPY returned +3.0% and -4.5%, respectively. This indicates AHOY has been having a stronger performance recently.

AHOY support price is $22.51 and resistance is $22.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AHOY stock will trade within this expected range on the day.