Innovator S&p 500 Buffer Etf - May ETF Forecast

$38.23
+0.0716 (+0.188%)
At Close: Jul 03, 2024
RSI low/high Values: [ 30 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BMAY
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Innovator S&p 500 Buffer Etf - May ETF price up 0.188% on Wednesday
(Updated on Jul 03, 2024)

Buy or Hold candidate since Jun 26, 2024 Gain 0.72% PDF

The Innovator S&p 500 Buffer Etf - May ETF price gained 0.188% on the last trading day (Wednesday, 3rd Jul 2024), rising from $38.16 to $38.23. 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 ETF fluctuated 0.0458% from a day low at $38.23 to a day high of $38.25. The price has risen in 6 of the last 10 days and is up by 0.61% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 495 shares were bought and sold for approximately $18.92 thousand. 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 ETF 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 ETF is expected to rise 3.46% during the next 3 months and, with a 90% probability hold a price between $39.27 and $39.88 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BMAY Signals & Forecast

The Innovator S&p 500 Buffer Etf - May ETF 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 $38.03 and $37.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.93%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Innovator S&p 500 Buffer Etf - May ETF

Innovator S&p 500 Buffer Etf - May finds support from accumulated volume at $37.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0175 between high and low, or 0.0458%. For the last week the ETF has had daily average volatility of 0.184%

Our recommended stop-loss: $36.38 (-4.83%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (BMAY) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Innovator S&p 500 Buffer Etf - May to open at $38.24, and during the day (based on 14 day Average True Range), to move between $38.10 and $38.36, which gives a possible trading interval of +/-$0.131 (+/-0.34%) up or down from last closing price. If Innovator S&p 500 Buffer Etf - May takes out the full calculated possible swing range there will be an estimated 0.68% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $37.96, some $0.272 (0.71%) from the current price of $38.23, our system finds the risk reward attractive.

Is Innovator S&p 500 Buffer Etf - May ETF 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 Innovator S&p 500 Buffer Etf - May ETF to perform well in the short-term.

Current score: 1.893 Buy Candidate Unchanged

Predicted Opening Price for Innovator S&p 500 Buffer Etf - May of Friday, July 5, 2024

Fair opening price July 5, 2024 Current price
$38.24 ( 0.0153%) $38.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BMAY

Fibonacci Support & Resistance Levels

Level Price
R3 38.25 0.0610%
R2 38.25 0.0435%
R1 38.24 0.0327%
Price 38.23
S1 38.23 -0.0022%
S2 38.23 -0.0130%
S3 38.22 -0.0305%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 38.23
S1 37.96 -0.710%
S2 37.75 -1.25%
S3 37.06 -3.06%

FAQ

What is the symbol for Innovator S&p 500 Buffer Etf - May ETF and on which exchange is it traded?
The symbol for Innovator S&p 500 Buffer Etf - May is BMAY and it is traded on the BATS (BATS Global Markets).

Should I buy or sell Innovator S&p 500 Buffer Etf - May ETF?
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 Innovator S&p 500 Buffer Etf - May ETF to perform well in the short-term.

How to buy Innovator S&p 500 Buffer Etf - May ETF?
Innovator S&p 500 Buffer Etf - May ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Innovator S&p 500 Buffer Etf - May ETF.

What's the current price of Innovator S&p 500 Buffer Etf - May ETF?
As of the end of day on the Jul 03, 2024, the price of an Innovator S&p 500 Buffer Etf - May (BMAY) share was $38.23.

What is the 52-week high and low for Innovator S&p 500 Buffer Etf - May ETF?
The 52-week high for Innovator S&p 500 Buffer Etf - May ETF is $38.25 and the 52-week low is $36.76.

What is the market capitalization of Innovator S&p 500 Buffer Etf - May ETF?
As of the Jul 03, 2024, the market capitalization of Innovator S&p 500 Buffer Etf - May is 139.329M.
Click to get the best stock tips daily for free!