(PMAY) Innovator SP500 Power - Ratings and Ratios

The Innovator S&P 500 Power Buffer ETF - May is designed to provide exposure to the S&P 500 index while implementing a buffer strategy to mitigate potential losses. The fund achieves this by investing at least 80% of its net assets in investments that track the SPDR S&P 500 ETF Trust, a widely followed ETF that replicates the performance of the S&P 500 index.

The funds defined outcome category and buffer strategy suggest that it is designed to limit downside risk while still allowing for potential upside gains. The buffer strategy typically involves a combination of options or other derivatives that provide a level of protection against losses, usually up to a certain percentage.

Analyzing the technical data, we can see that the ETF is currently trading at $37.62, above its 20-day, 50-day, and 200-day moving averages, indicating a positive short-term and long-term trend. The Average True Range (ATR) is $0.20, or 0.54%, indicating relatively low volatility. Given the current trend and volatility, we can forecast that the ETF is likely to continue its upward movement, potentially reaching the upper end of its 52-week range.

With an Assets Under Management (AUM) of $621.92M USD, the fund has a moderate level of liquidity, which is sufficient to support its investment objectives. However, the non-diversified nature of the fund means that it may be more susceptible to market fluctuations and sector-specific risks.

Combining the technical and fundamental data, our forecast suggests that the Innovator S&P 500 Power Buffer ETF - May is likely to continue its upward trend, potentially reaching $38.50 in the near term, driven by the ongoing bull market in the S&P 500 index. However, the buffer strategy is likely to limit potential losses in case of a market downturn, making it a potentially attractive option for investors seeking to balance risk and reward.