JEPQ Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle JEPQ on September 17, 2024, netting in a 4.39% gain over 1 month

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JEPQ - JPMorgan Nasdaq Equity Premium Inc ETF

Ticker: JEPQ

Company: JPMorgan Nasdaq Equity Premium Inc ETF

Gain: +4.39%

Confirmed: 09/17/24

Succeeded: 11/05/24

Total length: 50 days

JEPQ's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for JEPQ turned positive on November 07, 2024. Looking at past instances where JEPQ's MACD turned positive, the stock continued to rise in of 24 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on JEPQ as a result. In of 30 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 206 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 251 cases where JEPQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for JEPQ moved out of overbought territory on November 15, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 .

JEPQ broke above its upper Bollinger Band on November 06, 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.