With a stellar dividend yield of 11.43% and monthly payouts, the JPMorgan Equity Premium Income ETF (JEPI) is a compelling ETF (Exchange Traded Fund). While JEPI is an attractive income investment, TipRanks’ technical analysis tool signals a Buy on JEPI near its current levels.
JEPI’s price bounced back after taking support near $51.8. Further, based on its price being above its 20-and 50-day EMA (exponential moving averages), the current trend is bullish.
JEPI’s 50-day exponential moving average is $53.30, while the ETF’s price is $54.45, making it a Buy.
Per TipRanks’ technical analysis tool, the JPMorgan Equity Premium Income ETF’s 50-Day EMA is $53.30, while its price is $54.45, making it a Buy. Further, JEPI’s short-duration EMA (20-day) also signals a Buy.
While moving averages make JEPI a Buy, its RSI (Relative Strength Index) is 63.21, implying a Neutral signal. Furthermore, it faces immediate resistance at the $55.17 and $55.88 levels, which happen to be recent swing highs (refer to the graph below).
What’s the Prediction for the JEPI ETF?
JEPI is a Buy based on TipRanks’ easy-to-read summary signals (which combine the moving averages and the technical indicators into a single, summarized call).
While JEPI is on an uptrend, it has further upside potential based on the consensus view of over 2K analysts. Per the recommendations of 1,714 analysts, the 12-month average JPMorgan Equity Premium Income ETF price target of $60.66 implies 11.41% upside potential.
The JEPI ETF has a Moderate Buy consensus rating on TipRanks. Among the 1,714 analysts providing ratings on 117 holdings of JEPI, 64.53% have given a Buy rating, 32.09% have assigned a Hold rating, and 3.38% have given a Sell rating.
JEPI’s focus on fundamentally strong stocks to generate monthly income, an inflation-beating yield, and a low expense ratio of 0.35% make it an attractive investment.
