JPMorgan Nasdaq Equity Premium Income ETF Forecast

Red day on Thursday for JPMorgan Nasdaq Equity Premium Income
(Updated on Apr 25, 2024)

JEPQ Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.16%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The JPMorgan Nasdaq Equity Premium Income ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $53.23. On a fall, the ETF will find some support from the short-term average at $51.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for JPMorgan Nasdaq Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income finds support from accumulated volume at $51.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.87 between high and low, or 1.69%. For the last week the ETF has had daily average volatility of 1.61%.

Our recommended stop-loss: $49.05 (-5.57%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (JEPQ) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect JPMorgan Nasdaq Equity Premium Income ETF to open at $51.74, and during the day (based on 14 day Average True Range), to move between $51.21 and $52.67, which gives a possible trading interval of +/-$0.728 (+/-1.40%) up or down from last closing price. If JPMorgan Nasdaq Equity Premium Income ETF takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $51.96 (0.04%) than the support at $51.91 (0.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is JPMorgan Nasdaq Equity Premium Income ETF ETF A Buy?

JPMorgan Nasdaq Equity Premium Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.604 Hold/Accumulate Unchanged

Predicted Opening Price for JPMorgan Nasdaq Equity Premium Income ETF of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.