GJAN Stock Summary and Trading Ideas (FT Vest U.S. Equity Moderate Buffer ETF - January | BATS:GJAN)

The investment objective of the FT Vest U.S. Equity Moderate Buffer ETF - January (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 15.75% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from January 23, 2023, through January 19, 2024. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the SPDR S&P 500 ETF Trust (the "Underlying ETF"). The Fund uses FLEX Options to employ a "target outcome strategy." Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund, which include a buffer (before fees and expenses) against the first 15% of Underlying ETF losses and a cap of 15.75% (before fees and expenses), are based on the price performance of the Underlying ETF over an approximate one-year period (the "Target Outcome Period").

FT Vest U.S. Equity Moderate Buffer ETF - January trades on the BATS stock market under the symbol GJAN.

As of April 24, 2024, GJAN stock price climbed to $35.55 with 25,856 million shares trading.

GJAN has a beta of 0.52, meaning it tends to be less sensitive to market movements. GJAN has a correlation of 0.89 to the broad based SPY ETF.

GJAN has a market cap of $285.29 million. This is considered a Small Cap stock.

GJAN has underperformed the market in the last year with a return of +14.1%, while the SPY ETF gained +24.2%. In the last 3 month period, GJAN fell short of the market, returning +2.4%, while SPY returned +4.6%. However, in the most recent 2 weeks GJAN has outperformed the stock market by returning -0.8%, while SPY returned -2.7%.

GJAN support price is $35.36 and resistance is $35.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GJAN stock will trade within this expected range on the day.