(NJUL) Innovator Nasdaq-100 Power - Ratings and Ratios

The Innovator Nasdaq-100 Power Buffer ETF - July (BATS:NJUL) is designed to provide investors with exposure to the Invesco QQQ TrustSM, Series 1, a popular ETF tracking the Nasdaq-100 Index. By investing at least 80% of its net assets in securities that mirror the Underlying ETF, NJUL aims to offer a defined outcome, buffering against potential losses while still allowing for gains up to a certain cap.

NJUL is categorized as a Defined Outcome ETF, indicating its investment strategy is tailored to achieve specific outcomes, in this case, related to the performance of the Nasdaq-100 Index. As a non-diversified fund, NJULs investments are more concentrated, which can result in higher volatility compared to diversified ETFs.

Analyzing the technical data, NJULs last price is $63.65, indicating a recent uptrend as it is above both its 20-day and 50-day Simple Moving Averages (SMA20 and SMA50) of $60.36 and $60.24, respectively. The Average True Range (ATR) of 1.02, or 1.60%, suggests moderate volatility. Given the current price is near its 52-week high of $64.86, and considering the SMA200 at $61.26, the overall trend appears bullish.

Fundamentally, NJUL has $209.29M in Assets Under Management (AUM), a reasonable size that allows for decent liquidity without being too capital-intensive. This size can support the ETFs operational efficiency and trading activity.

Forecasting NJULs performance involves analyzing both its technical and fundamental data. Given its current price near the 52-week high and above key moving averages, a continued uptrend is plausible if the Nasdaq-100 Index performs well. However, the defined outcome nature of NJUL means its upside is capped. If the Nasdaq-100 Index experiences significant gains beyond NJULs cap, investors may miss out on additional returns. Conversely, if the index declines, NJULs buffer may mitigate losses. Therefore, NJUL is suitable for investors seeking to balance potential gains with downside protection in their portfolios, particularly those with a bullish outlook on the Nasdaq-100 Index.