JEPQ Enters Oversold Terrain
When the bell tolled for trading last Friday, JEPQ’s shares plunged into oversold waters, dipping as low as $50.68 per share. The Relative Strength Index (RSI) takes the spotlight here. With a scale of zero to 100, the RSI provides a gauge on momentum. A stock is slated as oversold if the RSI figure dives below 30.
Indicators on the Radar
Currently, JEPQ’s RSI clocks in at a modest 29.9, while the S&P 500’s RSI stands at 32.0. For the discerning bullish investor, the 29.9 RSI reading on JEPQ might signal the ebb of relentless selling, nudging them to seek promising entry points for purchase.
JEPQ’s Market Performance
In the grand scheme of things, the performance chart of one year unveils JEPQ’s journey. The stock hit rock bottom in its 52-week stretch at $44.12 per share, scaling glorious heights at $54.47. This narrative winds its way to the latest trade at $50.74, with the shares relinquishing 2.3% of their value during the day’s trade.
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The rumination of the author should not be confused with the official stance of Nasdaq, Inc.
