Innovator s Trust - Innovator IBD 50 ETF Forecast
Innovator s Trust - Innovator IBD 50 ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)
The Innovator s Trust - Innovator IBD 50 ETF price fell by -0.0669% on the last day (Friday, 10th May 2024) from $27.36 to $27.34. During the last trading day the ETF fluctuated 0.91% from a day low at $27.34 to a day high of $27.59. The price has risen in 7 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 39 thousand shares were bought and sold for approximately $1.05 million.
The ETF lies the upper part of a wide and 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 $27.35 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 -3.24% during the next 3 months and, with a 90% probability hold a price between $23.82 and $26.46 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.
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FFTY Signals & Forecast
The Innovator s Trust - Innovator IBD 50 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 $26.96 and $26.64. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen -0.0669%. Further fall is indicated until a new bottom pivot has been found. Innovator s Trust - Innovator IBD 50 gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Innovator s Trust - Innovator IBD 50 ETF
Innovator s Trust - Innovator IBD 50 finds support from accumulated volume at $27.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.250 (0.91%) between high and low. For the last week, the ETF has had daily average volatility of 0.98%.
The Innovator s Trust - Innovator IBD 50 ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $26.67 (-2.45%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FFTY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Innovator ETFs Trust - Innovator IBD 50 ETF to open at $27.42, and during the day (based on 14 day Average True Range), to move between $26.84 and $27.84, which gives a possible trading interval of +/-$0.498 (+/-1.82%) up or down from last closing price. If Innovator ETFs Trust - Innovator IBD 50 ETF takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.40 (0.21%) than the support at $27.18 (0.59%), 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 ETFs Trust - Innovator IBD 50 ETF ETF A Buy?
Innovator s Trust - Innovator IBD 50 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.217 Hold/Accumulate Downgraded
Predicted Opening Price for Innovator ETFs Trust - Innovator IBD 50 ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $27.42 ( 0.301%) | $27.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.67 | 1.21 % | |
| R2 | 27.58 | 0.87 % | ||
| R1 | 27.52 | 0.650 % | ||
| Current price: | 27.34 | |||
| Support | S1 | 27.33 | -0.0486 % | |
| S2 | 27.27 | -0.264 % | ||
| S3 | 27.17 | -0.614 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.73 | 1.42 % | |
| R2 | 27.42 | 0.286 % | ||
| R1 | 27.40 | 0.213 % | ||
| Current price | 27.34 | |||
| Support | S1 | 27.18 | -0.591% | |
| S2 | 26.72 | -2.27% | ||
| S3 | 26.17 | -4.29% |
FFTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.155 | 0.630% |
| 2 | Oct 25, 2023 | Oct 26, 2023 | Oct 30, 2023 | $0.0021 | 0.0103% |
| 3 | Dec 28, 2022 | Dec 29, 2022 | Jan 03, 2023 | $0.600 | 2.78% |
| 4 | Dec 29, 2021 | Dec 30, 2021 | Jan 03, 2022 | $0.0990 | 0.217% |
| 5 | Dec 27, 2017 | Dec 28, 2017 | Jan 02, 2018 | $0.0570 | 0.169% |
FAQ
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