(PDEC) Innovator SP500 Power - Ratings and Ratios

The Innovator S&P 500 Power Buffer ETF - December (PDEC) is designed to provide investors with exposure to the S&P 500 index while mitigating potential losses through the use of FLEX Options, a type of exchange-traded option contract that can be customized to meet specific investment objectives. By investing at least 80% of its net assets in investments that track the SPDR S&P 500 ETF Trust, PDEC aims to capture the upside potential of the broader US stock market.

As a Defined Outcome ETF, PDECs investment strategy is centered around the use of FLEX Options to provide a buffer against potential losses. This buffer is designed to absorb a certain level of losses, allowing investors to ride out market volatility. The ETFs non-diversified nature means that it may be more susceptible to large swings in its net asset value, but this is mitigated by its focus on the broad S&P 500 index.

Given the current technical and fundamental data, we can infer that PDEC is currently trading near its 52-week high, with a last price of $39.09. The ETFs short-term and long-term moving averages suggest a stable trend, with the SMA20 and SMA50 indicating a gentle upward trajectory. With an AUM of $1.01 billion, PDEC has a sizable presence in the market. Based on the current ATR of 0.27, or 0.70%, we can expect the ETFs price to remain relatively stable in the short term.

Forecasting the ETFs performance based on the available data, we can expect PDEC to continue to track the S&P 500 index, with its buffer mechanism helping to mitigate potential losses. With the S&P 500 index expected to continue its long-term upward trend, driven by the underlying strength of the US economy, PDEC is likely to benefit from this trend. As such, we can forecast a potential target price of $40.50 for PDEC over the next 6-12 months, representing a 3.6% increase from current levels. However, this forecast is contingent on the S&P 500 index continuing to perform well, and investors should be aware of the potential risks and downsides associated with investing in the ETF.