JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)

JPMorgan Nasdaq Equity Premium Income ETF is trading at $58.42, down 2.55% on the session. The 50 day average sits at $60.22 and the 200 day at $59.06, which puts the stock in a uptrend. RSI is at 40, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $59.16 with resistance near $60.04, so that band frames the current range. Average daily movement is roughly $0.59, or about 1.0% of the share price, which is what any stop placement has to allow for. The overall health score of 64 out of 100 combines a trend score of 73, momentum of 31 and a risk score of 96.

The fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the fund’s primary benchmark, the Nasdaq-100 Index® (the Benchmark), and (2) through equity-linked notes (ELNs), selling call options with exposure to the Benchmark. It is non-diversified.