Innovator Etfs Trust - Innovator Premium ETF Forecast
Green day on Wednesday for Innovator Etfs Trust - Innovator Premium ETF after gaining 0.0988%
(Updated on Jun 26, 2024)
The Innovator Etfs Trust - Innovator Premium ETF price gained 0.0988% on the last trading day (Wednesday, 26th Jun 2024), rising from $25.31 to $25.33. During the last trading day the ETF fluctuated 0% from a day low at $25.33 to a day high of $25.33. The price has risen in 6 of the last 10 days and is up by 0.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 178 more shares were traded than the day before. In total, 178 shares were bought and sold for approximately $4.51 thousand.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $25.31 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $25.37 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JULD Signals & Forecast
The Innovator Etfs Trust - Innovator Premium 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 $25.29 and $25.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.556%. 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). Innovator Etfs Trust - Innovator Premium 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.
Support, Risk & Stop-loss for Innovator Etfs Trust - Innovator Premium ETF
Innovator Etfs Trust - Innovator Premium finds support from accumulated volume at $25.31 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0281%.
The Innovator Etfs Trust - Innovator Premium ETF is extremely overbought on RSI14 (93). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $24.06 (-5.00%) (This ETF has low daily movements and this gives low risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (JULD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Innovator Etfs Trust - Innovator Premium Income 10 Barrier Etf - July to open at $25.33, and during the day (based on 14 day Average True Range), to move between $25.31 and $25.35, which gives a possible trading interval of +/-$0.0196 (+/-0.08%) up or down from last closing price. If Innovator Etfs Trust - Innovator Premium Income 10 Barrier Etf - July takes out the full calculated possible swing range there will be an estimated 0.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.31, some $0.0250 (0.10%) from the current price of $25.33, our system finds the risk reward attractive.
Is Innovator Etfs Trust - Innovator Premium Income 10 Barrier Etf - July ETF A Buy?
Innovator Etfs Trust - Innovator Premium 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 Premium Income 10 Barrier Etf - July of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $25.33 ( 0%) | $25.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JULD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.33 | - |
| R2 | 25.33 | - |
| R1 | 25.33 | - |
| Price | 25.33 | |
| S1 | 25.33 | - |
| S2 | 25.33 | - |
| S3 | 25.33 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 25.33 | |
| S1 | 25.31 | -0.0987% |
| S2 | 25.07 | -1.03% |
| S3 | 25.01 | -1.26% |
FAQ
Click here for our free guide on how to buy Innovator Etfs Trust - Innovator Premium Income 10 Barrier Etf - July ETF.
