Innovator Msci Emerging Markets Power ETF Forecast
Innovator Msci Emerging Markets Power ETF price up 0.102% on Thursday
(Updated on Jun 27, 2024)
The Innovator Msci Emerging Markets Power ETF price gained 0.102% on the last trading day (Thursday, 27th Jun 2024), rising from $24.48 to $24.51. During the last trading day the ETF fluctuated 0.204% from a day low at $24.50 to a day high of $24.55. The price has fallen in 6 of the last 10 days but is still up by 0.18% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 5 thousand shares were bought and sold for approximately $122.36 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Innovator Msci Emerging Markets Power ETF with a 90% probability to be traded between $24.31 and $25.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EJUL Signals & Forecast
The Innovator Msci Emerging Markets Power 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 $24.61. On a fall, the ETF will find some support from the long-term average at approximately $24.41. 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). 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 Tuesday, June 18, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. 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 also not. The ETF had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.
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.
Golden Star
The ETF had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.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 Msci Emerging Markets Power ETF
Innovator Msci Emerging Markets Power finds support from accumulated volume at $24.48 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 $0.0500 between high and low, or 0.204%. For the last week the ETF has had daily average volatility of 0.349%
Our recommended stop-loss: $23.65 (-3.50%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (EJUL) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Innovator Msci Emerging Markets Power Buffer Etf - July to open at $24.52, and during the day (based on 14 day Average True Range), to move between $24.32 and $24.69, which gives a possible trading interval of +/-$0.189 (+/-0.77%) up or down from last closing price. If Innovator Msci Emerging Markets Power Buffer Etf - July takes out the full calculated possible swing range there will be an estimated 1.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.48 (0.10%) than the resistance at $24.55 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Innovator Msci Emerging Markets Power Buffer Etf - July ETF A Buy?
Innovator Msci Emerging Markets Power 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: 0.292 Hold/Accumulate Unchanged
Predicted Opening Price for Innovator Msci Emerging Markets Power Buffer Etf - July of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$24.52 ( 0.0528%) | $24.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EJUL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.57 | 0.257% |
R2 | 24.55 | 0.179% |
R1 | 24.54 | 0.131% |
Price | 24.51 | |
S1 | 24.50 | -0.0252% |
S2 | 24.49 | -0.0733% |
S3 | 24.47 | -0.151% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.61 | 0.426% |
R2 | 24.56 | 0.202% |
R1 | 24.55 | 0.179% |
Price | 24.51 | |
S1 | 24.48 | -0.102% |
S2 | 24.25 | -1.04% |
S3 | 24.22 | -1.17% |
EJUL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 18, 2019 | Nov 19, 2019 | Nov 21, 2019 | $0.166 | 0.654% |
FAQ
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