(BOCT) Innovator SP500 Buffer - Ratings and Ratios

The Innovator S&P 500 Buffer October ETF (BATS:BOCT) is a defined outcome ETF that invests at least 80% of its net assets in FLEX Options, which are exchange-traded options that allow for customized expiration dates and strike prices. These options reference the SPDR® S&P 500® ETF Trust, an ETF that tracks the S&P 500® Index, providing exposure to 500 large-cap U.S. equities. The fund is designed to provide a buffer against losses, typically capping both potential gains and losses within a specified range over a defined outcome period. The fund is non-diversified, meaning it can concentrate its investments in a limited number of securities, which may increase risk.

As of the latest data, BOCT has an average 20-day trading volume of 9,863 shares, with a last price of $43.74. The ETF is currently trading slightly below its 20-day and 50-day simple moving averages (SMA) of $44.11 and $43.83, respectively, but above its 200-day SMA of $42.60, indicating short-term weakness but longer-term strength. The Average True Range (ATR) of 0.31 suggests moderate price volatility. The funds assets under management (AUM) are $243.26 million, indicating a decent level of investor interest.

3-Month Forecast: Based on the current technical and fundamental data, BOCT is expected to trade within a narrow range. The ETFs price is likely to oscillate between $43.00 and $45.00, supported by its 200-day SMA and resisted by its 20-day SMA. The ATR of 0.31 suggests that daily price movements will remain moderate, with limited breakout potential. Fundamentally, the ETFs performance will closely track the S&P 500, with the buffer mechanism potentially limiting downside risk. Investors should monitor the ETFs volume and moving averages for signs of a breakout or breakdown.