JEPQ JPMorgan Nasdaq Equity Premium Inc ETF Forecast, Technical & Fundamental Analysis
JEPQ in downward trend: price may decline as a result of having broken its higher Bollinger Band on December 04, 2024
JEPQ broke above its upper Bollinger Band on December 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 19 similar instances where the stock broke above the upper band. In of the 19 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JEPQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for JEPQ just turned positive on November 29, 2024. Looking at past instances where JEPQ's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JEPQ advanced for three days, in of 219 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 273 cases where JEPQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
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JEPQ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, JEPQ has been closely correlated with GPIQ. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if JEPQ jumps, then GPIQ could also see price increases.
| Ticker / NAME | Correlation To JEPQ | 1D Price Change % | ||
|---|---|---|---|---|
| JEPQ | 100% | -0.12% | ||
| GPIQ - JEPQ | 98% Closely correlated | -0.39% | ||
| SPYI - JEPQ | 94% Closely correlated | -0.27% | ||
| FTQI - JEPQ | 94% Closely correlated | -0.19% | ||
| GPIX - JEPQ | 93% Closely correlated | -0.37% | ||
| GQI - JEPQ | 93% Closely correlated | -0.41% | ||
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