Technical Analysis for FEPI - REX FANG & Innovation Equity Premium Income ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Sell Signal | Bearish | 0.00% | |
| New 52 Week Closing High | Bullish | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| Slingshot Bullish | Bullish Swing Setup | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| Up 5 Days in a Row | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | 0.48% | |
| Three Weeks Tight | Range Contraction | 0.48% |
| Alert | Time |
|---|---|
| 10 DMA Support | about 5 hours ago |
| 60 Minute Opening Range Breakout | about 5 hours ago |
| Fell Below Previous Day's Low | about 5 hours ago |
| Up 1% | 3 days ago |
| Up 1 ATR | 3 days ago |
Free Daily (Stock) Chart Reading
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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 55.2199 |
| 52 Week Low | 40.8629 |
| Average Volume | 141,271 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 52.44 |
| 20-Day Moving Average | 53.91 |
| 10-Day Moving Average | 54.44 |
| Average True Range | 0.55 |
| RSI (14) | 68.45 |
| ADX | 18.61 |
| +DI | 28.07 |
| -DI | 18.46 |
| Chandelier Exit (Long, 3 ATRs) | 53.58 |
| Chandelier Exit (Short, 3 ATRs) | 52.92 |
| Upper Bollinger Bands | 55.38 |
| Lower Bollinger Band | 52.43 |
| Percent B (%b) | 0.87 |
| BandWidth | 5.46 |
| MACD Line | 0.60 |
| MACD Signal Line | 0.58 |
| MACD Histogram | 0.0187 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 55.99 | ||||
| Resistance 3 (R3) | 55.88 | 55.44 | 55.82 | ||
| Resistance 2 (R2) | 55.44 | 55.18 | 55.49 | 55.76 | |
| Resistance 1 (R1) | 55.21 | 55.03 | 55.33 | 55.32 | 55.71 |
| Pivot Point | 54.77 | 54.77 | 54.83 | 54.82 | 54.77 |
| Support 1 (S1) | 54.54 | 54.51 | 54.66 | 54.65 | 54.25 |
| Support 2 (S2) | 54.10 | 54.36 | 54.15 | 54.20 | |
| Support 3 (S3) | 53.87 | 54.10 | 54.14 | ||
| Support 4 (S4) | 53.98 |
