(IGTR) Innovator s Trust - Ratings and Ratios

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is designed to capitalize on the strongest global equity market segments by leveraging price momentum metrics, indicating a tactical approach to navigating diverse market conditions.

IGTRs underlying index, although market capitalization-weighted, is utilized as a broad benchmark for global equities. The fund diverges from traditional index tracking by focusing on momentum, suggesting an active management strategy that seeks to outperform by rotating into the most promising global equity segments.

Given its non-diversified nature, IGTR is poised for more significant movements in either direction, depending on the momentum of the selected market segments. This characteristic demands a keen eye on market dynamics and the ability to adapt to changing momentum indicators.

Analyzing the technical data, IGTRs recent price action indicates a slight uptrend, having surpassed both its 20-day and 50-day Simple Moving Averages (SMA20 and SMA50). However, it remains below its 200-day Simple Moving Average (SMA200), suggesting a longer-term downtrend. The Average True Range (ATR) of 0.39, or 1.62%, signifies moderate volatility, which is expected in a momentum-driven strategy.

From a fundamental perspective, IGTRs Assets Under Management (AUM) stand at $74.18 million. While not exceptionally large, this size can allow for nimble adjustments in portfolio composition in response to changing market conditions.

Forecasting IGTRs trajectory involves integrating both technical and fundamental insights. If the current momentum indicators continue to favor global equities, and IGTR successfully identifies and rotates into the strongest segments, it may challenge its 52-week high of $27.96. Conversely, failure to maintain momentum could see it retreating towards its 52-week low of $22.35. Given the current SMA20 and SMA50 positions, a continued uptrend could be supported, but the SMA200 poses a significant resistance level that needs to be overcome for a more bullish outlook. Thus, a potential forecast could involve a gradual approach towards the SMA200 at $25.33, with a possible breakout if momentum remains strong, or a pullback if the market segments IGTR is currently favoring lose steam.