Innovator S&P Investment Grade ETF Forecast
Innovator S&P Investment Grade ETF price down 0.248% on Friday
(Updated on May 17, 2024)
The Innovator S&P Investment Grade ETF price fell by -0.248% on the last day (Friday, 17th May 2024) from $18.76 to $18.71. During the last trading day the ETF fluctuated 0.340% from a day low at $18.65 to a day high of $18.71. The price has fallen in 7 of the last 10 days and is down by -0.09% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -14 thousand shares and in total, 2 thousand shares were bought and sold for approximately $38.23 thousand.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $18.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -5.65% during the next 3 months and, with a 90% probability hold a price between $16.80 and $17.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EPRF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.65%. 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. The Innovator S&P Investment Grade ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $18.72. On a fall, the ETF will find some support from the short-term average at $18.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Innovator S&P Investment Grade ETF
Innovator S&P Investment Grade finds support from accumulated volume at $18.62 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 $0.0634 between high and low, or 0.340%. For the last week the ETF has had daily average volatility of 0.606%
Our recommended stop-loss: $17.64 (-5.72%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (EPRF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Innovator S&P Investment Grade Preferred ETF to open at $18.69, and during the day (based on 14 day Average True Range), to move between $18.55 and $18.88, which gives a possible trading interval of +/-$0.165 (+/-0.88%) up or down from last closing price. If Innovator S&P Investment Grade Preferred ETF takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.62 (0.52%) than the resistance at $19.18 (2.49%), 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 S&P Investment Grade Preferred ETF ETF A Buy?
Innovator S&P Investment Grade 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: -0.954 Hold/Accumulate Unchanged
Predicted Opening Price for Innovator S&P Investment Grade Preferred ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$18.69 ( 0.113%) | $18.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPRF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.76 | 0.226 % | |
R2 | 18.73 | 0.0964 % | ||
R1 | 18.72 | 0.0165 % | ||
Current price: | 18.71 | |||
Support | S1 | 18.67 | -0.242 % | |
S2 | 18.65 | -0.322 % | ||
S3 | 18.63 | -0.452 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.53 | 4.36 % | |
R2 | 19.53 | 4.34 % | ||
R1 | 19.18 | 2.49 % | ||
Current price | 18.71 | |||
Support | S1 | 18.62 | -0.523% | |
S2 | 18.54 | -0.93% | ||
S3 | 18.35 | -1.97% |
EPRF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 01, 2024 | $0.0900 | 0.487% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.0900 | 0.466% |
3 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.0900 | 0.464% |
4 | Jan 30, 2024 | Jan 30, 2024 | Feb 01, 2024 | $0.0900 | 0.464% |
5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0890 | 0.473% |
FAQ
Click here for our free guide on how to buy Innovator S&P Investment Grade Preferred ETF ETF.