BJUL Technical Analysis - INNOVATOR U.S. EQUITY BUFFER

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to BJUL. Both in the recent history as in the last year, BJUL has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that BJUL is one of the better performing stocks in the market, outperforming 70% of all stocks. We also observe that the gains produced by BJUL over the past year are nicely spread over this period.

BJUL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BJUL has a been trading in a tight range between 47.03 and 48.23.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INNOVATOR U.S. EQUITY BUFFER / BJUL Weekly stock chart

INNOVATOR U.S. EQUITY BUFFER / BJUL Daily stock chart

Setup Rating and Analysis

Although BJUL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.83

48.55

When analyzing the support we can see 4 important areas.

A support zone ranging from 47.64 to 47.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @45.21 from a horizontal line in the daily time frame.
A support zone ranging from 44.22 to 44.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 41.24 to 41.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 48.05 to 48.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for BJUL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BJUL is up.
ChartMill Relative Strength	70.45	POSITIVE	BJUL has a high relative strength, it outperformed 70.45% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BJUL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BJUL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BJUL is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.33	OVERBOUGHT	The high RSI value suggests BJUL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests BJUL has a negative trend.
Stochastics (14,3)	84.05	OVERBOUGHT	The high Stochastics value suggests BJUL may be overbought.
Average True Range in percent/ATR (20)	0.48	LOW VOLATILITY	The low ATR as a percentage value for BJUL suggests low volalility.
Average Directional Index/ADX (14)	39.86	POSITIVE	The high ADX value value for BJUL suggests a strong trend.