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 |
---|---|---|---|
Crossed Above 50 DMA | Bullish | 0.00% | |
Gapped Up | Strength | 0.00% | |
Up 3 Days in a Row | Strength | 0.00% | |
Crossed Above 20 DMA | Bullish | 1.74% | |
MACD Bullish Signal Line Cross | Bullish | 1.74% | |
NR7 | Range Contraction | 1.74% | |
Gapped Up | Strength | 1.74% | |
Inside Day | Range Contraction | 3.48% | |
Gapped Up | Strength | 3.48% | |
Gapped Down | Weakness | 4.83% |
Alert | Time |
---|---|
60 Minute Opening Range Breakout | about 8 hours ago |
50 DMA Support | about 12 hours ago |
Rose Above Previous Day's High | about 12 hours ago |
Rose Above 50 DMA | about 12 hours ago |
Up 1% | about 12 hours ago |
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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 | 54.7874 |
52 Week Low | 42.6304 |
Average Volume | 111,677 |
200-Day Moving Average | 0.00 |
50-Day Moving Average | 53.30 |
20-Day Moving Average | 52.54 |
10-Day Moving Average | 52.29 |
Average True Range | 0.85 |
RSI (14) | 58.16 |
ADX | 18.75 |
+DI | 30.19 |
-DI | 28.77 |
Chandelier Exit (Long, 3 ATRs) | 52.05 |
Chandelier Exit (Short, 3 ATRs) | 52.93 |
Upper Bollinger Bands | 54.64 |
Lower Bollinger Band | 50.45 |
Percent B (%b) | 0.82 |
BandWidth | 7.99 |
MACD Line | -0.21 |
MACD Signal Line | -0.38 |
MACD Histogram | 0.1676 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 54.81 | ||||
Resistance 3 (R3) | 54.71 | 54.29 | 54.66 | ||
Resistance 2 (R2) | 54.29 | 54.05 | 54.34 | 54.60 | |
Resistance 1 (R1) | 54.08 | 53.90 | 54.18 | 54.18 | 54.55 |
Pivot Point | 53.66 | 53.66 | 53.71 | 53.71 | 53.66 |
Support 1 (S1) | 53.45 | 53.42 | 53.56 | 53.56 | 53.19 |
Support 2 (S2) | 53.03 | 53.27 | 53.08 | 53.14 | |
Support 3 (S3) | 52.82 | 53.03 | 53.08 | ||
Support 4 (S4) | 52.93 |