Optionspuppy
11-18
I opened $JPMorgan Equity Premium Income ETF(JEPI)$  ,

Technical Analysis of JEPI

The JPMorgan Equity Premium Income ETF (JEPI) chart indicates recent volatility and a downward trend. The price is fluctuating between support and resistance levels, with $58.43 as a lower support zone and $60.35 as the upper resistance, based on the Bollinger Bands. The ETF recently tested the 57.36 support level before rebounding slightly, indicating some buying interest at lower levels.

The moving averages suggest mixed momentum. The 50-day moving average acts as near-term support, while the 200-day moving average indicates a more stable long-term trend. JEPI’s price currently sits close to the mid-line of the Bollinger Bands, signaling consolidation but with room for volatility.

The ARBR indicator shows a strong BR (101.23) compared to AR (47.62), suggesting buying pressure exceeds selling interest. However, the ETF remains susceptible to profit-taking, particularly as the price approaches the upper band resistance.

In conclusion, $58.43 serves as a key support, while $60.35-$60.50 will challenge upward momentum. A breakout above resistance may suggest bullish sentiment, while a fall below $58 could lead to further downside, testing earlier lows around $57$JPMorgan Equity Premium Income ETF(JEPI)$  

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JEPI
11-18 23:18
USJPMorgan Equity Premium Income ETF
SidePriceRealized P&L
Buy
Open
59.35+0.98%
Holding
JPMorgan Equity Premium Income ETF
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