JPM NASDAQ EQUITY PREMIUM (JEPQ) Stock Technical Analysis
NASDAQ:JEPQ • US46654Q2030
We assign a technical rating of 1 out of 10 to JEPQ. JEPQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- JEPQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JEPQ is lagging the market slightly.
- In the last month JEPQ has a been trading in the 56.73 - 60.14 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- JEPQ has an average volume of 5636080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, JEPQ outperforms 43% of them, which is more or less in line with the market.
Although the technical rating is bad, JEPQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 58.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.94, a Stop Loss order could be placed below this zone.
More info and screens
55.25
We found 2 important support areas.
- A support zone ranging from 57.50 to 57.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.81 to 56.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.21 to 59.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for JEPQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JEPQ is down. |
| ChartMill Relative Strength | 43.55 | NEUTRAL | JEPQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JEPQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JEPQ is below a declining 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) | 48.31 | NEUTRAL | The RSI value for JEPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests JEPQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.58 | NEUTRAL | The Stochastics value for JEPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for JEPQ suggests low volalility. |
| Average Directional Index/ADX (14) | 23.02 | NEUTRAL | The ADX value for JEPQ suggests a possible start of a new trend. |
58.15
+0.46 (+0.8%)
JPM NASDAQ EQUITY PREMIUM / JEPQ FAQ
What is the technical rating for JEPQ stock?
ChartMill assigns a technical rating of 1 / 10 to JEPQ.
Can you provide the trend direction for JPM NASDAQ EQUITY PREMIUM?
The current trend direction for JPM NASDAQ EQUITY PREMIUM (JEPQ) is Bearish.
What is the RSI signal for JEPQ stock?
JPM NASDAQ EQUITY PREMIUM (JEPQ) has an RSI value of 48.3108. This indicates that the stock is currently neutral.
What is the short term momentum for JEPQ stock?
The short term momentum for JPM NASDAQ EQUITY PREMIUM (JEPQ) is negative.