Technical Analysis for UDEC - Innovator S&P 500 Ultra Buffer ETF - December
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 33.50 | 0.06% | 0.02 |
UDEC closed up 0.09 percent on Tuesday, May 7, 2024, on 50 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.06% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.06% | |
| Gilligan's Island Sell Setup | Bearish Swing Setup | 0.06% | |
| New 52 Week Closing High | Bullish | 0.06% | |
| NR7 | Range Contraction | 0.06% | |
| Narrow Range Bar | Range Contraction | 0.06% | |
| Doji - Bearish? | Reversal | 0.06% | |
| New 52 Week High | Strength | 0.06% | |
| Overbought Stochastic | Strength | 0.06% | |
| Up 3 Days in a Row | Strength | 0.06% |
| Alert | Time |
|---|---|
| Rose Above Upper Bollinger Band | about 1 hour ago |
| Gilligan's Island Bearish Entry | about 2 hours ago |
| Lizard Bearish Entry | about 2 hours ago |
| Shooting Star Candlestick Entry | about 2 hours ago |
| Fell Below Previous Day's Low | about 2 hours ago |
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The investment seeks to provide investors with returns that match those of the S&P 500 Price Index. The fund invests at least 80% of its net assets in FLexible EXchange® Options (FLEX Options) that reference the S&P 500 Price Return Index (S&P 500 Price Index). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. It is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Options Clearing Corporation
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Options Clearing Corporation
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.5299 |
| 52 Week Low | 27.44 |
| Average Volume | 6,539 |
| 200-Day Moving Average | 30.84 |
| 50-Day Moving Average | 33.06 |
| 20-Day Moving Average | 33.12 |
| 10-Day Moving Average | 33.21 |
| Average True Range | 0.15 |
| RSI (14) | 64.03 |
| ADX | 19.23 |
| +DI | 38.24 |
| -DI | 25.22 |
| Chandelier Exit (Long, 3 ATRs) | 33.09 |
| Chandelier Exit (Short, 3 ATRs) | 33.18 |
| Upper Bollinger Bands | 33.49 |
| Lower Bollinger Band | 32.75 |
| Percent B (%b) | 0.99 |
| BandWidth | 2.24 |
| MACD Line | 0.09 |
| MACD Signal Line | 0.06 |
| MACD Histogram | 0.0289 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 33.56 | ||||
| Resistance 3 (R3) | 33.57 | 33.55 | 33.55 | ||
| Resistance 2 (R2) | 33.55 | 33.53 | 33.55 | 33.54 | |
| Resistance 1 (R1) | 33.51 | 33.52 | 33.50 | 33.51 | 33.54 |
| Pivot Point | 33.49 | 33.49 | 33.49 | 33.49 | 33.49 |
| Support 1 (S1) | 33.46 | 33.47 | 33.45 | 33.45 | 33.42 |
| Support 2 (S2) | 33.44 | 33.46 | 33.44 | 33.42 | |
| Support 3 (S3) | 33.41 | 33.44 | 33.41 | ||
| Support 4 (S4) | 33.40 |
