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

Grade Last Price % Change Price Change
B 53.03 1.11% 0.58
FEPI closed up 2.16 percent on Wednesday, November 6, 2024, on 1.61 times normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 1.11%
Gapped Up Strength 1.11%
Upper Bollinger Band Touch Strength 1.11%
20 DMA Resistance Bearish 3.29%
Cup with Handle Other 3.29%
Gapped Up Strength 3.29%
Cup with Handle Other 4.58%
Stochastic Reached Oversold Weakness 4.58%
Strong but Oversold Other 4.58%
BB Squeeze Ended Range Expansion 4.58%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 2 hours ago
Rose Above Previous Day's High about 4 hours ago
New 52 Week High about 4 hours ago
Rose Above Upper Bollinger Band about 4 hours ago
2x Volume Pace about 4 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 A 3.31 7.75
NFLX A 1.70 7.04
NVDA A 1.61 7.01
GOOGL B 1.69 6.98
MSFT D 1.00 6.85
AMZN A 1.10 6.82
CRM B 1.25 6.79
META C 3.50 6.69
AVGO B 2.46 6.63
MU C 0.95 6.58

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 52.961
52 Week Low 41.6389
Average Volume 123,080
200-Day Moving Average 49.25
50-Day Moving Average 50.48
20-Day Moving Average 51.42
10-Day Moving Average 51.15
Average True Range 0.64
RSI (14) 62.12
ADX 14.71
+DI 30.76
-DI 21.07
Chandelier Exit (Long, 3 ATRs) 50.59
Chandelier Exit (Short, 3 ATRs) 52.14
Upper Bollinger Bands 52.47
Lower Bollinger Band 50.37
Percent B (%b) 0.99
BandWidth 4.08
MACD Line 0.18
MACD Signal Line 0.21
MACD Histogram -0.0257
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.39
Resistance 3 (R3) 53.31 52.92 53.23
Resistance 2 (R2) 52.92 52.68 52.96 53.18
Resistance 1 (R1) 52.68 52.53 52.80 52.76 53.13
Pivot Point 52.29 52.29 52.35 52.33 52.29
Support 1 (S1) 52.06 52.05 52.18 52.14 51.77
Support 2 (S2) 51.67 51.91 51.71 51.72
Support 3 (S3) 51.43 51.67 51.67
Support 4 (S4) 51.51