Innovator International Developed Power ETF Forecast
Stronger technical forecast for Innovator International Developed Power ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Innovator International Developed Power ETF price gained 0.128% on the last trading day (Friday, 28th Jun 2024), rising from $31.37 to $31.41. During the last trading day the ETF fluctuated 0.240% from a day low at $31.36 to a day high of $31.44. The price has risen in 6 of the last 10 days but is still down by -0.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately $1.26 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.62% during the next 3 months and, with a 90% probability hold a price between $31.90 and $32.96 at the end of this 3-month period.
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IJAN Signals & Forecast
There are mixed signals in the ETF today. The Innovator International Developed Power 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 $31.56. On a fall, the ETF will find some support from the short-term average at $31.39. 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. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Innovator International Developed Power 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. The ETF had a Golden Star Signal on Thursday, May 02, 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, May 02, 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 International Developed Power ETF
Innovator International Developed Power finds support from accumulated volume at $31.30 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 $0.0753 between high and low, or 0.240%. For the last week the ETF has had daily average volatility of 0.278%.
Our recommended stop-loss: $30.08 (-4.23%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (IJAN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Innovator International Developed Power Buffer Etf - January to open at $31.40, and during the day (based on 14 day Average True Range), to move between $31.23 and $31.59, which gives a possible trading interval of +/-$0.179 (+/-0.57%) up or down from last closing price. If Innovator International Developed Power Buffer Etf - January takes out the full calculated possible swing range there will be an estimated 1.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.48 (0.22%) than the support at $31.30 (0.35%), 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 International Developed Power Buffer Etf - January ETF A Buy?
Innovator International Developed 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.553 Hold/Accumulate Upgraded
Predicted Opening Price for Innovator International Developed Power Buffer Etf - January of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$31.40 ( 0.0262%) | $31.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJAN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.48 | 0.214% |
R2 | 31.45 | 0.122% |
R1 | 31.43 | 0.0654% |
Price | 31.41 | |
S1 | 31.37 | -0.118% |
S2 | 31.36 | -0.174% |
S3 | 31.33 | -0.266% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.73 | 1.02% |
R2 | 31.49 | 0.270% |
R1 | 31.48 | 0.223% |
Price | 31.41 | |
S1 | 31.30 | -0.350% |
S2 | 31.14 | -0.86% |
S3 | 30.44 | -3.09% |
FAQ
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