Technical Analysis for FEPI - REX FANG & Innovation Equity Premium Income ETF

Grade Last Price % Change Price Change
B 51.80 -0.65% -0.34
FEPI closed down 0.65 percent on Wednesday, November 20, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Outside Day Range Expansion 0.00%
20 DMA Support Bullish -0.65%
Gapped Down Weakness -0.65%
Crossed Above 20 DMA Bullish -0.06%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.06%
Inside Day Range Contraction -0.06%
Gapped Up Strength -0.06%
Fell Below 20 DMA Bearish 0.88%
MACD Bearish Signal Line Cross Bearish 0.88%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 22 hours ago
1.5x Volume Pace about 22 hours ago
Outside Day about 22 hours ago
Fell Below Previous Day's Low about 22 hours ago
Down 1% about 22 hours ago

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Profile

REX FANG & Innovation Equity Premium Income ETF Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.


Classification

Keywords: Technical Analysis Volatility Contract Law Big Tech

Top 10 Components

Symbol Grade Price % Change Allocation
TSLA B -1.15 10.32
CRM B 0.70 7.59
AMZN B -0.85 7.12
INTC C -0.79 6.97
GOOGL B -1.20 6.97
NFLX A 1.44 6.86
NVDA A -0.76 6.85
MU D 0.65 6.63
META C 0.79 6.59
AVGO D -1.31 6.47

Is FEPI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 53.2
52 Week Low 41.4368
Average Volume 125,412
200-Day Moving Average 48.58
50-Day Moving Average 50.59
20-Day Moving Average 51.75
10-Day Moving Average 52.36
Average True Range 0.63
RSI (14) 53.27
ADX 15.22
+DI 22.37
-DI 25.71
Chandelier Exit (Long, 3 ATRs) 51.30
Chandelier Exit (Short, 3 ATRs) 51.88
Upper Bollinger Bands 53.40
Lower Bollinger Band 50.10
Percent B (%b) 0.51
BandWidth 6.39
MACD Line 0.45
MACD Signal Line 0.56
MACD Histogram -0.108
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.15
Resistance 3 (R3) 53.16 52.71 52.93
Resistance 2 (R2) 52.71 52.37 52.71 52.85
Resistance 1 (R1) 52.26 52.16 52.04 52.25 52.77
Pivot Point 51.81 51.81 51.70 51.81 51.81
Support 1 (S1) 51.36 51.47 51.14 51.35 50.83
Support 2 (S2) 50.91 51.26 50.91 50.75
Support 3 (S3) 50.46 50.91 50.68
Support 4 (S4) 50.45