Innovator Emerging Markets Power Buffer ETF Forecast

Innovator Emerging Markets Power Buffer ETF price ended at $29.83 on Friday, after gaining 0.0671%.
(Updated on Jun 28, 2024)

EJAN Signals & Forecast

The Innovator Emerging Markets Power Buffer ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $29.86. On a fall, the ETF will find some support from the long-term average at approximately $29.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Innovator Emerging Markets Power Buffer 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.798%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 13, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Innovator Emerging Markets Power Buffer ETF

Innovator Emerging Markets Power Buffer finds support from accumulated volume at $29.49 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 $0.120 between high and low, or 0.402%. For the last week the ETF has had daily average volatility of 0.431%.

Our recommended stop-loss: $28.71 (-3.77%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (EJAN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Innovator Emerging Markets Power Buffer Etf - January to open at $29.86, and during the day (based on 14 day Average True Range), to move between $29.66 and $30.00, which gives a possible trading interval of +/-$0.167 (+/-0.56%) up or down from last closing price. If Innovator Emerging Markets Power Buffer Etf - January takes out the full calculated possible swing range there will be an estimated 1.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.83 (0.02%) than the support at $29.49 (1.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Innovator Emerging Markets Power Buffer Etf - January 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 Emerging Markets Power Buffer ETF to perform well in the short-term.

Current score: 1.797 Buy Candidate Unchanged

Predicted Opening Price for Innovator Emerging Markets Power Buffer Etf - January of Monday, July 1, 2024

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