Innovator Growth-100 Accelerated Plus ETF Forecast

$35.28
+0.0500 (+0.142%)
At Close: Jul 03, 2024
RSI low/high Values: [ 30 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QTAP
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Green day on Wednesday for Innovator Growth-100 Accelerated Plus ETF after gaining 0.142%
(Updated on Jul 03, 2024)

Buy candidate since Jun 27, 2024 Gain 0.99% PDF

The Innovator Growth-100 Accelerated Plus ETF price gained 0.142% on the last trading day (Wednesday, 3rd Jul 2024), rising from $35.23 to $35.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.540% from a day low at $35.18 to a day high of $35.37. The price has been going up and down for this period, and there has been a 0.8% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $334.67 thousand.

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 5.41% during the next 3 months and, with a 90% probability hold a price between $36.66 and $37.81 at the end of this 3-month period.

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QTAP Signals & Forecast

Mostly positive signals in the chart today. The Innovator Growth-100 Accelerated Plus 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 $35.01 and $34.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.08%. 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 Growth-100 Accelerated Plus 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.

Support, Risk & Stop-loss for Innovator Growth-100 Accelerated Plus ETF

Innovator Growth-100 Accelerated Plus finds support from accumulated volume at $34.84 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 $0.190 between high and low, or 0.540%. For the last week the ETF has had daily average volatility of 0.453%.

Our recommended stop-loss: $33.42 (-5.29%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (QTAP) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Innovator Growth-100 Accelerated Plus Etf – April to open at $35.28, and during the day (based on 14 day Average True Range), to move between $35.06 and $35.50, which gives a possible trading interval of +/-$0.220 (+/-0.62%) up or down from last closing price. If Innovator Growth-100 Accelerated Plus Etf – April takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $34.84, some $0.445 (1.26%) from the current price of $35.28, our system finds the risk reward attractive.

Is Innovator Growth-100 Accelerated Plus Etf – April 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 Growth-100 Accelerated Plus ETF to perform well in the short-term.

Current score: 3.394 Buy Candidate Unchanged

Predicted Opening Price for Innovator Growth-100 Accelerated Plus Etf – April of Friday, July 5, 2024

Fair opening price July 5, 2024 Current price
$35.28 ( 0.0094%) $35.28

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QTAP

Fibonacci Support & Resistance Levels

Level Price
R3 35.47 0.529%
R2 35.39 0.323%
R1 35.35 0.196%
Price 35.28
S1 35.20 -0.215%
S2 35.16 -0.342%
S3 35.09 -0.548%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 35.28
S1 34.84 -1.26%
S2 34.68 -1.70%
S3 33.54 -4.93%

FAQ

What is the symbol for Innovator Growth-100 Accelerated Plus Etf – April ETF and on which exchange is it traded?
The symbol for Innovator Growth-100 Accelerated Plus Etf – April is QTAP and it is traded on the BATS (BATS Global Markets).

Should I buy or sell Innovator Growth-100 Accelerated Plus Etf – April ETF?
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 Growth-100 Accelerated Plus ETF to perform well in the short-term.

How to buy Innovator Growth-100 Accelerated Plus Etf – April ETF?
Innovator Growth-100 Accelerated Plus Etf – April ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Innovator Growth-100 Accelerated Plus Etf – April ETF.

What's the current price of Innovator Growth-100 Accelerated Plus Etf – April ETF?
As of the end of day on the Jul 03, 2024, the price of an Innovator Growth-100 Accelerated Plus Etf – April (QTAP) share was $35.28.

What is the 52-week high and low for Innovator Growth-100 Accelerated Plus Etf – April ETF?
The 52-week high for Innovator Growth-100 Accelerated Plus Etf – April ETF is $35.37 and the 52-week low is $33.10.

What is the market capitalization of Innovator Growth-100 Accelerated Plus Etf – April ETF?
As of the Jul 03, 2024, the market capitalization of Innovator Growth-100 Accelerated Plus Etf – April is 10.119M.
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