Technical Analysis for BOUT - Innovator IBD Breakout Opportunities ETF

Grade Last Price % Change Price Change
B 39.16 0.28% 0.11
BOUT closed up 0.28 percent on Wednesday, November 20, 2024, on 52 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Up 3 Days in a Row Strength 0.00%
MACD Bearish Signal Line Cross Bearish 0.28%
Bullish Engulfing Bullish 0.28%
Outside Day Range Expansion 0.28%
Gapped Down Weakness 0.28%
1,2,3 Pullback Bullish Bullish Swing Setup 1.11%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.11%
Narrow Range Bar Range Contraction 1.11%
Inside Day Range Contraction 1.11%
Overbought Stochastic Strength 1.18%

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Profile

Innovator IBD Breakout Opportunities ETF Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.


Classification

Keywords: Index Fund Technical Analysis Foreign Exchange Market Investor's Business Daily

Top 10 Components

Symbol Grade Price % Change Allocation
PACS F 0.88 4.48
MS B -0.42 4.47
LBRDK C 1.09 4.44
NEM D -0.44 4.42
VIK B -1.60 4.39
EXPE B 1.15 4.28
EQIX A -0.44 4.25
AHR A -1.57 4.24
IDCC B -0.33 4.01
ETN B -0.89 3.82

Is BOUT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 40.36
52 Week Low 30.1208
Average Volume 2,896
200-Day Moving Average 35.61
50-Day Moving Average 37.25
20-Day Moving Average 38.31
10-Day Moving Average 39.40
Average True Range 0.41
RSI (14) 61.24
ADX 28.08
+DI 38.69
-DI 30.49
Chandelier Exit (Long, 3 ATRs) 39.12
Chandelier Exit (Short, 3 ATRs) 37.85
Upper Bollinger Bands 40.80
Lower Bollinger Band 35.83
Percent B (%b) 0.67
BandWidth 12.97
MACD Line 0.64
MACD Signal Line 0.66
MACD Histogram -0.0198
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.74
Resistance 3 (R3) 39.67 39.42 39.64
Resistance 2 (R2) 39.42 39.27 39.45 39.61
Resistance 1 (R1) 39.29 39.18 39.36 39.36 39.58
Pivot Point 39.04 39.04 39.07 39.07 39.04
Support 1 (S1) 38.91 38.89 38.97 38.97 38.75
Support 2 (S2) 38.65 38.80 38.69 38.72
Support 3 (S3) 38.53 38.65 38.69
Support 4 (S4) 38.59