Technical Analysis for BOUT - Innovator IBD Breakout Opportunities ETF
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% |
Alert | Time |
---|---|
Rose Above Previous Day's High | about 22 hours ago |
60 Minute Opening Range Breakout | 2 days ago |
Gapped Down (Full) | 2 days ago |
2x Volume Pace | 2 days ago |
1.5x Volume Pace | 2 days ago |
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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
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
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 |