Innovator U.s. Equity Ultra Buffer Etf - ETF Forecast
Innovator U.s. Equity Ultra Buffer Etf - ETF price ended at $31.60 on Thursday, after losing 0.158%.
(Updated on Jun 20, 2024)
The Innovator U.s. Equity Ultra Buffer Etf - ETF price fell by -0.158% on the last day (Thursday, 20th Jun 2024) from $31.65 to $31.60. During the last trading day the ETF fluctuated 0.222% from a day low at $31.60 to a day high of $31.67. The price has risen in 6 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume has increased on the last day by 44 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, 52 thousand shares were bought and sold for approximately $1.65 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Innovator U.s. Equity Ultra Buffer Etf - ETF with a 90% probability to be traded between $32.14 and $32.31 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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UFEB Signals & Forecast
The Innovator U.s. Equity Ultra 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 $31.56 and $31.34. A breakdown below any of these levels will issue sell signals. 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 -0.158%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Innovator U.s. Equity Ultra Buffer Etf - ETF
Innovator U.s. Equity Ultra Buffer Etf - finds support from accumulated volume at $31.55 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 $0.0700 between high and low, or 0.222%. For the last week the ETF has had daily average volatility of 0.269%.
The Innovator U.s. Equity Ultra Buffer Etf - ETF is extremely overbought on RSI14 (90). This increases the short-term risk substantially.
Our recommended stop-loss: $30.90 (-2.22%) (This ETF has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (UFEB) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Innovator U.s. Equity Ultra Buffer Etf - February to open at $31.62, and during the day (based on 14 day Average True Range), to move between $31.49 and $31.71, which gives a possible trading interval of +/-$0.106 (+/-0.34%) up or down from last closing price. If Innovator U.s. Equity Ultra Buffer Etf - February takes out the full calculated possible swing range there will be an estimated 0.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.64 (0.13%) than the support at $31.55 (0.17%), 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 U.s. Equity Ultra Buffer Etf - February ETF A Buy?
Innovator U.s. Equity Ultra Buffer Etf - 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 U.s. Equity Ultra Buffer Etf - February of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$31.62 ( 0.0738%) | $31.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UFEB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.69 | 0.295% |
R2 | 31.67 | 0.211% |
R1 | 31.65 | 0.158% |
Price | 31.60 | |
S1 | 31.60 | -0.0108% |
S2 | 31.58 | -0.0631% |
S3 | 31.55 | -0.148% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 31.65 | 0.158% |
R1 | 31.64 | 0.128% |
Price | 31.60 | |
S1 | 31.55 | -0.169% |
S2 | 31.35 | -0.791% |
S3 | 31.11 | -1.55% |
FAQ
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