JPMorgan Equity Premium Income ETF Forecast
JPMorgan Equity Premium Income ETF price ended at $55.45 on Friday, after losing 0.0361%.
(Updated on Apr 19, 2024)
The JPMorgan Equity Premium Income ETF price fell by -0.0361% on the last day (Friday, 19th Apr 2024) from $55.47 to $55.45. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.648% from a day low at $55.30 to a day high of $55.66. The price has fallen in 6 of the last 10 days and is down by -2.84% for this period. Volume has increased on the last day by 350 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $176.61 million.
Given the current horizontal trend, you can expect JPMorgan Equity Premium Income ETF with a 90% probability to be traded between $56.26 and $58.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JEPI Signals & Forecast
There are few to no technical positive signals at the moment. The JPMorgan Equity Premium Income ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $55.84 and $56.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for JPMorgan Equity Premium Income ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.358 between high and low, or 0.648%. For the last week the ETF has had daily average volatility of 1.02%.
JPMorgan Equity Premium Income is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $53.23 (-4.00%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (JEPI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect JPMorgan Equity Premium Income ETF to open at $55.47, and during the day (based on 14 day Average True Range), to move between $55.01 and $55.89, which gives a possible trading interval of +/-$0.441 (+/-0.80%) up or down from last closing price. If JPMorgan Equity Premium Income ETF takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $56.15, some $0.700 (1.26%) from the current price of $55.45, our system finds the risk reward not very attractive.
Is JPMorgan Equity Premium Income ETF ETF A Buy?
JPMorgan Equity Premium Income holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.385 Hold/Accumulate Unchanged
Predicted Opening Price for JPMorgan Equity Premium Income ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $55.47 ( 0.0370%) | $55.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.83 | 0.683 % | |
| R2 | 55.69 | 0.436 % | ||
| R1 | 55.61 | 0.284 % | ||
| Current price: | 55.45 | |||
| Support | S1 | 55.33 | -0.210 % | |
| S2 | 55.25 | -0.362 % | ||
| S3 | 55.11 | -0.609 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.15 | 3.07 % | |
| R2 | 57.09 | 2.96 % | ||
| R1 | 56.15 | 1.26 % | ||
| Current price | 55.45 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
JEPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.345 | 0.609% |
| 2 | Jan 04, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.301 | 0.528% |
| 3 | Jan 04, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.301 | 0.537% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.428 | 0.778% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.390 | 0.715% |
FAQ
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