Innovator S&p 500 Buffer Etf - September ETF Forecast
Innovator S&p 500 Buffer Etf - September ETF price ended at $40.67 on Friday, after gaining 0.0098%.
(Updated on Jun 28, 2024)
The Innovator S&p 500 Buffer Etf - September ETF price gained 0.0098% on the last trading day (Friday, 28th Jun 2024), rising from $40.67 to $40.67. During the last trading day the ETF fluctuated 0.246% from a day low at $40.65 to a day high of $40.75. The price has risen in 5 of the last 10 days and is up by 0.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 936 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $184.70 thousand.
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 2.58% during the next 3 months and, with a 90% probability hold a price between $41.60 and $42.02 at the end of this 3-month period.
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BSEP Signals & Forecast
The Innovator S&p 500 Buffer Etf - September 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 $40.62 and $40.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 2.45%. 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). Innovator S&p 500 Buffer Etf - September has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Innovator S&p 500 Buffer Etf - September ETF
Innovator S&p 500 Buffer Etf - September finds support from accumulated volume at $40.60 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.100 between high and low, or 0.246%. For the last week the ETF has had daily average volatility of 0.129%.
The Innovator S&p 500 Buffer Etf - September ETF is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: $38.63 (-5.04%) (This ETF has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (BSEP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Innovator S&p 500 Buffer Etf - September to open at $40.69, and during the day (based on 14 day Average True Range), to move between $40.56 and $40.79, which gives a possible trading interval of +/-$0.112 (+/-0.28%) up or down from last closing price. If Innovator S&p 500 Buffer Etf - September takes out the full calculated possible swing range there will be an estimated 0.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $40.60, some $0.0740 (0.18%) from the current price of $40.67, our system finds the risk reward attractive.
Is Innovator S&p 500 Buffer Etf - September ETF A Buy?
Innovator S&p 500 Buffer Etf - September holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Innovator S&p 500 Buffer Etf - September of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $40.69 ( 0.0426%) | $40.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSEP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.79 | 0.288% |
| R2 | 40.75 | 0.195% |
| R1 | 40.73 | 0.137% |
| Price | 40.67 | |
| S1 | 40.65 | -0.0513% |
| S2 | 40.63 | -0.109% |
| S3 | 40.59 | -0.203% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 40.67 | |
| S1 | 40.60 | -0.182% |
| S2 | 39.88 | -1.95% |
| S3 | 39.83 | -2.07% |
BSEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 19, 2019 | Nov 19, 2019 | Nov 21, 2019 | $0.360 | 1.42% |
FAQ
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