JPM NASDAQ EQUITY PREMIUM (JEPQ) Stock Technical Analysis
USA - NASDAQ:JEPQ - US46654Q2030 - ETF
Overall JEPQ gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, JEPQ is only an average performer.
Although JEPQ has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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53.26
We found 3 important support areas.
- A support zone ranging from 56.84 to 58.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.94 from a horizontal line in the daily time frame.
- A support zone ranging from 53.80 to 53.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.11 to 59.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for JEPQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JEPQ is up. |
| ChartMill Relative Strength | 62.55 | NEUTRAL | JEPQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JEPQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JEPQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JEPQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.04 | NEUTRAL | The RSI value for JEPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests JEPQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.05 | OVERBOUGHT | The high Stochastics value suggests JEPQ may be overbought. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for JEPQ suggests low volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for JEPQ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.24 | 57.25 | 1.99 (3.36%) | 25.00% |
| An entry @59.24. This is a Buy Stop order right above the resistance zone. | An exit @57.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.99 points, which is 3.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
59.1
+0.14 (+0.24%)
JPM NASDAQ EQUITY PREMIUM / JEPQ FAQ
What is the technical rating for JEPQ stock?
ChartMill assigns a technical rating of 8 / 10 to JEPQ.
What is the trend direction for JEPQ stock?
The current trend direction for JPM NASDAQ EQUITY PREMIUM (JEPQ) is Bullish.
What is the RSI signal for JEPQ stock?
JPM NASDAQ EQUITY PREMIUM (JEPQ) has an RSI value of 67.0397. This indicates that the stock is currently neutral.
What is the MACD signal for JPM NASDAQ EQUITY PREMIUM (JEPQ) stock?
The MACD indicator for JPM NASDAQ EQUITY PREMIUM (JEPQ) has a value of 0.113405, indicating a bearish trend.
Can you provide the support and resistance levels for JPM NASDAQ EQUITY PREMIUM?
JPM NASDAQ EQUITY PREMIUM (JEPQ) has a support level at 58.59 and a resistance level at 59.11. Check the full technical report for our detailed analysis of JEPQ support and resistance levels.