Innovator Etfs Trust - Innovator Premium ETF Forecast
Red day on Wednesday for Innovator Etfs Trust - Innovator Premium
(Updated on Jun 26, 2024)
The Innovator Etfs Trust - Innovator Premium ETF price fell by -0.0397% on the last day (Wednesday, 26th Jun 2024) from $25.22 to $25.21. During the last trading day the ETF fluctuated 0.0397% from a day low at $25.21 to a day high of $25.22. The price has risen in 5 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume has increased on the last day by 5 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, 5 thousand shares were bought and sold for approximately $131.12 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.20 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Innovator Etfs Trust - Innovator Premium ETF with a 90% probability to be traded between $25.52 and $25.58 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.
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JULH Signals & Forecast
The Innovator Etfs Trust - Innovator Premium ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $25.22. On a fall, the ETF will find some support from the long-term average at approximately $25.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 18, 2024, and so far it has fallen -0.115%. Further fall is indicated until a new bottom pivot has been found. Innovator Etfs Trust - Innovator Premium 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 Etfs Trust - Innovator Premium ETF
Innovator Etfs Trust - Innovator Premium finds support from accumulated volume at $25.11 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 $0.0100 between high and low, or 0.0397%. For the last week the ETF has had daily average volatility of 0.0666%.
Our recommended stop-loss: $24.07 (-4.51%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 57 days ago.)
Trading Expectations (JULH) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Innovator Etfs Trust - Innovator Premium Income 20 Barrier Etf - July to open at $25.21, and during the day (based on 14 day Average True Range), to move between $25.19 and $25.23, which gives a possible trading interval of +/-$0.0249 (+/-0.10%) up or down from last closing price. If Innovator Etfs Trust - Innovator Premium Income 20 Barrier Etf - July takes out the full calculated possible swing range there will be an estimated 0.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.22 (0.04%) than the support at $25.11 (0.40%), 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 Premium Income 20 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: 0.428 Hold/Accumulate Unchanged
Predicted Opening Price for Innovator Etfs Trust - Innovator Premium Income 20 Barrier Etf - July of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$25.21 ( 0.0132%) | $25.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JULH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.22 | 0.0529% |
R2 | 25.22 | 0.0377% |
R1 | 25.22 | 0.0284% |
Price | 25.21 | |
S1 | 25.21 | -0.0019% |
S2 | 25.21 | -0.0113% |
S3 | 25.20 | -0.0264% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.24 | 0.115% |
R2 | 25.23 | 0.0817% |
R1 | 25.22 | 0.0397% |
Price | 25.21 | |
S1 | 25.11 | -0.397% |
S2 | 25.08 | -0.516% |
S3 | 25.07 | -0.555% |
JULH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.459 | 1.84% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.459 | 1.84% |
3 | Sep 27, 2023 | Sep 28, 2023 | Oct 02, 2023 | $0.459 | 1.87% |
FAQ
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