JPMorgan Chase & Co. Stock Forecast
JPMorgan Chase & Co. stock upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)
The JPMorgan Chase & Co. stock price gained 0.0959% on the last trading day (Friday, 17th May 2024), rising from 187.76€ to 187.94€. During the last trading day the stock fluctuated 1.24% from a day low at 186.16€ to a day high of 188.46€. The price has risen in 7 of the last 10 days and is up by 6.34% over the past 2 weeks. Volume fell on the last day by -257 shares and in total, 1 thousand shares were bought and sold for approximately 218.57€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.53% during the next 3 months and, with a 90% probability hold a price between 186.52€ and 206.55€ at the end of this 3-month period.
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CMC.DE Signals & Forecast
The JPMorgan Chase & Co. 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 185.29€ and 179.96€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.33%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for JPMorgan Chase & Co. stock
JPMorgan Chase & Co. finds support from accumulated volume at 183.12€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 2.30€ between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: 178.74€ (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (CMC.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect JPMorgan Chase & Co. to open at 187.52€, and during the day (based on 14 day Average True Range), to move between 185.31€ and 190.57€, which gives a possible trading interval of +/-2.63€ (+/-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 @ 183.12€, some 4.82€ (2.56%) from the current price of 187.94€, our system finds the risk reward attractive.
Is JPMorgan Chase & Co. stock A Buy?
JPMorgan Chase & Co. holds several positive signals and is within a weak 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.101 Strong Buy Candidate Upgraded
Predicted Opening Price for JPMorgan Chase & Co. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 187.52€ ( 0.223%) | 187.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMC.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 189.82 | 1.00 % | |
| R2 | 188.94 | 0.533 % | ||
| R1 | 188.40 | 0.244 % | ||
| Current price: | 187.94 | |||
| Support | S1 | 186.64 | -0.691 % | |
| S2 | 186.10 | -0.98 % | ||
| S3 | 185.22 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 187.94 | |||
| Support | S1 | 183.12 | -2.56% | |
| S2 | 180.32 | -4.05% | ||
| S3 | 173.76 | -7.54% |
CMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 30, 2024 | 1.06€ | 0.588% |
| 2 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | 0€ | 0% |
| 3 | Jul 05, 2023 | Jul 05, 2023 | Jul 05, 2023 | 1.00€ | 0.751% |
| 4 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | 1.00€ | 0.85% |
| 5 | Jan 05, 2023 | Jan 05, 2023 | Jan 05, 2023 | 1.00€ | 0.779% |
FAQ
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