Innovator Nasdaq-100 Power Buffer Etf - ETF Forecast
Green day on Friday for Innovator Nasdaq-100 Power Buffer Etf - ETF after gaining 0.0673%
(Updated on Jun 28, 2024)
The Innovator Nasdaq-100 Power Buffer Etf - ETF price gained 0.0673% on the last trading day (Friday, 28th Jun 2024), rising from $59.42 to $59.46. During the last trading day the ETF fluctuated 0.139% from a day low at $59.39 to a day high of $59.47. The price has risen in 8 of the last 10 days and is up by 0.41% 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, 164 thousand more shares were traded than the day before. In total, 182 thousand shares were bought and sold for approximately $10.84 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 4.77% during the next 3 months and, with a 90% probability hold a price between $61.09 and $63.25 at the end of this 3-month period.
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NJUL Signals & Forecast
The Innovator Nasdaq-100 Power Buffer Etf - 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 $59.38 and $59.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.84%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 Nasdaq-100 Power Buffer Etf - ETF
Innovator Nasdaq-100 Power Buffer Etf - finds support from accumulated volume at $58.35 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 $0.0823 between high and low, or 0.139%. For the last week the ETF has had daily average volatility of 0.172%.
Our recommended stop-loss: $57.43 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (NJUL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Innovator Nasdaq-100 Power Buffer Etf - July to open at $59.44, and during the day (based on 14 day Average True Range), to move between $59.34 and $59.58, which gives a possible trading interval of +/-$0.121 (+/-0.20%) up or down from last closing price. If Innovator Nasdaq-100 Power Buffer Etf - July takes out the full calculated possible swing range there will be an estimated 0.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $58.35, some $1.11 (1.87%) from the current price of $59.46, our system finds the risk reward attractive.
Is Innovator Nasdaq-100 Power Buffer Etf - July ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Innovator Nasdaq-100 Power Buffer Etf - ETF to perform well in the short-term.
Current score: 3.997 Buy Candidate Unchanged
Predicted Opening Price for Innovator Nasdaq-100 Power Buffer Etf - July of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $59.44 ( 0.0349%) | $59.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NJUL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.52 | 0.103% |
| R2 | 59.49 | 0.0506% |
| R1 | 59.47 | 0.0179% |
| Price | 59.46 | |
| S1 | 59.41 | -0.0878% |
| S2 | 59.39 | -0.120% |
| S3 | 59.36 | -0.173% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 59.46 | |
| S1 | 58.35 | -1.87% |
| S2 | 57.82 | -2.76% |
| S3 | 57.66 | -3.03% |
FAQ
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