Jpmorgan Hedged Equity Laddered Overlay ETF (HELO)

Jpmorgan Hedged Equity Laddered Overlay ETF is trading at $69.62, down 0.43% on the session. The 50 day average sits at $68.10 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 71.7, which reads as overbought, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $67.61 with resistance near $70.23, so that band frames the current range. Average daily movement is roughly $0.42, or about 0.6% of the share price, which is what any stop placement has to allow for. The overall health score of 73 out of 100 combines a trend score of 68, momentum of 74 and a risk score of 78.

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.