JPMorgan Chase & Co. (JPM) is trading in the penumbra of a high-performing quarter, closing the session at $194.53, with a marginal dip of 1.33%. As the stock approaches its earnings report in two days, the market's appetite for risk in banking stocks is evident in the trade volume of 3.84M, closely aligned with its daily average.
Ichimoku Analysis:
The price...
Shares in JP Morgan Chase and Co (symbol ‘JPM’) had a rather aggressive bullish rally in the first quarter of 2024 and managed to gain around 17% in value. JPM is expected to release its earnings report for the quarter ending March 2024 on Friday 12 April, before the market opens. The consensus estimate for earnings per share is $4.22 compared to the result for...
If you haven`t bought JPM before the previous earnings:
Then analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week,
I would consider purchasing the 170usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $28.00.
If these options prove to be...
JP Morgan may be almost overbought on its 1M technical outlook (RSI = 69.738, MACD = 14.790, ADX = 37.379) but as you can see on this chart, this is when the stock tends to make a bullish extension instead of a correction. Especially since the 12 year pattern is a Channel Up and is currently on its fourth Bullish Wave of the structure. All prior bullish sequences...
NYSE:JPM reached New Highs recently with a huge number of buybacks driving the stock upward so fast and so high. The big bank has also been busy gobbling up regional banks for two years now. JPM's floor traders, trading aggressively in a few key industries, are doing well.
However, Revenues and Earnings were down last quarter over the prior quarter. And Volume...
JPMorgan Chase & Co. has recorded a surge in its all-time high amidst market volatility, currently trading at $200 per share with a Positive Relative Strength Index (RSI) of 72.90. With U.S. stocks experiencing one of their best six-month runs in over a decade, JPMorgan Chase & Co. ( NYSE:JPM ) is at the forefront of this market momentum. The financial giant's...
JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction.
As you can see, every Higher High rejection (two so far on that pattern) has...
JPM on the daily chart has plain and obvious consistent momentum albeit with corrections.
The markets are expected to thrive in this lection year and three rate cuts are projected
in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest
the next best time is now before the forecasted rate cuts are factored into price ahead...
Currently, my eyes are focused on couple of stocks with good potential and positive fundamentals following them. The one I am watching for quite some time now is JPM, JP Morgan, one the biggest US banks.
JPM with $3.7 trillion in assets at this moment, is the largest US bank, and it has a full 16.3% of the total assets held by all the US commercial banks. This...
Jp Morgan just brake my support zone am expecting a pullback to the support or further upside if buying momentum is strong enough it might not retrace the level but you can chase the market safe entry is waiting for pull back n get into position📈
JP Morgan Important Long term Levels
Horizontal Lines are Strong Longterm Levels works as Support/Resistance depends on where the price is located ...
Take your orders as close as possible for the levels specially if a level crossed by Fan Trend.
Next Resistance :204
Support 170
Best Regards.
Dimon's recent divestment of 821,778 shares of common stock, worth approximately $150 million, underscores a larger strategy unveiled last October. This calculated maneuver, meticulously executed under the guidelines of SEC Rule 10b5-1, demonstrates astute foresight and confidence in the company's trajectory. Despite the divestment, Dimon and his family retain...
JP Morgan: Bearish - WOLFE detected + divergence with the ROC.
The price could fall weekly to around 154 then 137.
The divergence on the ROC is very strong.
The 50 and 200 exponential moving averages are potential targets.
On a daily basis we could reach 171 then 155, the divergence on the ROC is also very strong.
Be careful!
JPM might have a bad week?
Maybe bad Feb?
idk yet, however, from technicals, it seems like after 181 or so, and especially after $210, there isn't much upside showing.
Likely meaning, the risk far outweighs the reward at those levels.
IT could be big, and it could be fairly quick.
if you're shorting, yeah, these are great times to consider entering.
The...
