JPMorgan Nasdaq Equity Premium Income ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for JPMorgan Nasdaq Equity Premium Income ETF price after Monday trading.
(Updated on May 06, 2024)
The JPMorgan Nasdaq Equity Premium Income ETF price gained 0.95% on the last trading day (Monday, 6th May 2024), rising from $52.75 to $53.25. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.700% from a day low at $52.88 to a day high of $53.25. The price has risen in 7 of the last 10 days and is up by 3.78% over the past 2 weeks. Volume fell on the last day by -237 thousand shares and in total, 3 million shares were bought and sold for approximately $140.23 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect JPMorgan Nasdaq Equity Premium Income ETF with a 90% probability to be traded between $50.59 and $53.97 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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JEPQ Signals & Forecast
Mostly positive signals in the chart today. The JPMorgan Nasdaq Equity Premium Income ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $52.40 and $53.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for JPMorgan Nasdaq Equity Premium Income ETF
JPMorgan Nasdaq Equity Premium Income finds support from accumulated volume at $52.98 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 $0.370 between high and low, or 0.700%. For the last week the ETF has had daily average volatility of 1.26%.
Our recommended stop-loss: $50.82 (-4.57%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (JEPQ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect JPMorgan Nasdaq Equity Premium Income ETF to open at $53.13, and during the day (based on 14 day Average True Range), to move between $52.52 and $53.98, which gives a possible trading interval of +/-$0.734 (+/-1.38%) 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 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.40 (0.28%) than the support at $52.98 (0.51%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for JPMorgan Nasdaq Equity Premium Income ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.612 Buy Candidate Upgraded
Predicted Opening Price for JPMorgan Nasdaq Equity Premium Income ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $53.13 ( 0.232%) | $53.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEPQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.50 | 0.463 % | |
| R2 | 53.36 | 0.198 % | ||
| R1 | 53.27 | 0.0338 % | ||
| Current price: | 53.25 | |||
| Support | S1 | 52.99 | -0.497 % | |
| S2 | 52.90 | -0.661 % | ||
| S3 | 52.76 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.24 | 1.86 % | |
| R2 | 53.93 | 1.28 % | ||
| R1 | 53.40 | 0.282 % | ||
| Current price | 53.25 | |||
| Support | S1 | 52.98 | -0.507% | |
| S2 | 52.61 | -1.20% | ||
| S3 | 50.84 | -4.53% |
JEPQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 01, 2024 | May 06, 2024 | $0.431 | 0.81% |
| 2 | Mar 22, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.427 | 0.81% |
| 3 | Feb 29, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.380 | 0.716% |
| 4 | Dec 19, 2023 | Feb 01, 2024 | Feb 06, 2024 | $0.342 | 0.658% |
| 5 | Nov 30, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.422 | 0.87% |
FAQ
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