Innovator Etfs Trust - Innovator ETF Forecast
Green day on Tuesday for Innovator Etfs Trust - Innovator ETF after gaining 0.111%
(Updated on Jun 25, 2024)
The Innovator Etfs Trust - Innovator ETF price gained 0.111% on the last trading day (Tuesday, 25th Jun 2024), rising from $26.97 to $27.00. During the last trading day the ETF fluctuated 0.334% from a day low at $26.95 to a day high of $27.04. The price has risen in 6 of the last 10 days but is still down by -0.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 910 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $32.40 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $27.08 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Innovator Etfs Trust - Innovator ETF with a 90% probability to be traded between $26.37 and $26.83 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. 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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IDEC Signals & Forecast
The Innovator Etfs Trust - Innovator ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $26.89 and $27.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Innovator Etfs Trust - Innovator 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Innovator Etfs Trust - Innovator ETF
Innovator Etfs Trust - Innovator finds support from accumulated volume at $26.85 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 $0.0899 between high and low, or 0.334%. For the last week the ETF has had daily average volatility of 0.0667%.
Our recommended stop-loss: $25.41 (-5.89%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (IDEC) For The Upcoming Trading Day Of Wednesday 26th
Since the stock is closer to the resistance from accumulated volume at $27.02 (0.09%) than the support at $26.85 (0.55%), 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 International Developed Power Buffer Etf - December ETF A Buy?
Innovator Etfs Trust - Innovator 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 Etfs Trust - Innovator International Developed Power Buffer Etf - December of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $27.00 ( 0.0125%) | $27.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDEC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.09 | 0.320% |
| R2 | 27.05 | 0.193% |
| R1 | 27.03 | 0.115% |
| Price | 27.00 | |
| S1 | 26.96 | -0.140% |
| S2 | 26.94 | -0.218% |
| S3 | 26.91 | -0.345% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.23 | 0.83% |
| R2 | 27.17 | 0.630% |
| R1 | 27.02 | 0.0870% |
| Price | 27.00 | |
| S1 | 26.85 | -0.550% |
| S2 | 26.82 | -0.667% |
| S3 | 26.76 | -0.90% |
FAQ
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