JPMorgan Chase Stock Forecast
JPMorgan Chase stock price up 0.391% on Thursday
(Updated on Mar 28, 2024)
The JPMorgan Chase stock price gained 0.391% on the last trading day (Thursday, 28th Mar 2024), rising from $199.52 to $200.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.10% from a day low at $198.54 to a day high of $200.72. The price has risen in 8 of the last 10 days and is up by 6.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 184 thousand more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $1.72 billion.
The stock lies in the upper part of a narrow and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $201.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.09% during the next 3 months and, with a 90% probability hold a price between $227.22 and $238.07 at the end of this 3-month period.
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JPM Signals & Forecast
Mostly positive signals in the chart today. The JPMorgan Chase stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $197.48 and $186.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, October 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, October 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for JPMorgan Chase stock
On the downside, the stock finds support just below today's level from accumulated volume at $170.31 and $169.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, JPMorgan Chase finds support just below today's level at $170.31. If this is broken, then the next support from accumulated volume will be at $169.05 and $167.99.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.18 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: $191.08 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (JPM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect JPMorgan Chase & Co to open at $199.85, and during the day (based on 14 day Average True Range), to move between $197.50 and $203.10, which gives a possible trading interval of +/-$2.80 (+/-1.40%) up or down from last closing price. If JPMorgan Chase & Co takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $170.31, some $29.99 (14.97%) from the current price of $200.30, our system finds the risk reward attractive.
Is JPMorgan Chase & Co stock A Buy?
JPMorgan Chase holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.555 Strong Buy Candidate Unchanged
Predicted Opening Price for JPMorgan Chase & Co of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$199.85 ( 0.223%) | $200.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 202.03 | 0.87 % | |
R2 | 201.20 | 0.450 % | ||
R1 | 200.69 | 0.193 % | ||
Current price: | 200.30 | |||
Support | S1 | 199.02 | -0.639 % | |
S2 | 198.51 | -0.90 % | ||
S3 | 197.67 | -1.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 200.30 | |||
Support | S1 | 170.31 | -14.97% | |
S2 | 169.05 | -15.60% | ||
S3 | 167.99 | -16.13% |
JPM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2024 | Apr 04, 2024 | Apr 30, 2024 | $1.15 | 0.574% |
2 | Dec 12, 2023 | Jan 04, 2024 | Jan 31, 2024 | $1.05 | 0.602% |
3 | Sep 19, 2023 | Oct 05, 2023 | Oct 31, 2023 | $1.05 | 0.755% |
4 | May 15, 2023 | Jul 05, 2023 | Jul 31, 2023 | $1.00 | 0.633% |
5 | Mar 21, 2023 | Apr 05, 2023 | Apr 30, 2023 | $1.00 | 0.723% |
FAQ
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