Jpmorgan Core Plus Bond Etf ETF Forecast
Jpmorgan Core Plus Bond Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Jpmorgan Core Plus Bond Etf ETF price gained 0.0751% on the last trading day (Tuesday, 25th Jun 2024), rising from $46.61 to $46.65. During the last trading day the ETF fluctuated 0.193% from a day low at $46.57 to a day high of $46.66. The price has risen in 7 of the last 10 days and is up by 1.47% 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, 144 thousand more shares were traded than the day before. In total, 424 thousand shares were bought and sold for approximately $19.76 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jpmorgan Core Plus Bond Etf ETF with a 90% probability to be traded between $47.27 and $47.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JCPB Signals & Forecast
The Jpmorgan Core Plus Bond Etf ETF 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 $46.60 and $46.27. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.0536%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jpmorgan Core Plus Bond Etf ETF
Jpmorgan Core Plus Bond Etf finds support from accumulated volume at $46.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0900 between high and low, or 0.193%. For the last week the ETF has had daily average volatility of 0.258%.
Our recommended stop-loss: $44.88 (-3.79%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (JCPB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jpmorgan Core Plus Bond Etf to open at $46.63, and during the day (based on 14 day Average True Range), to move between $46.30 and $46.99, which gives a possible trading interval of +/-$0.343 (+/-0.73%) up or down from last closing price. If Jpmorgan Core Plus Bond Etf takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.67 (0.05%) than the support at $46.06 (1.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jpmorgan Core Plus Bond Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jpmorgan Core Plus Bond Etf ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.749 Buy Candidate Upgraded
Predicted Opening Price for Jpmorgan Core Plus Bond Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $46.63 ( 0.0429%) | $46.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JCPB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.72 | 0.150% |
| R2 | 46.68 | 0.0764% |
| R1 | 46.66 | 0.0308% |
| Price | 46.65 | |
| S1 | 46.59 | -0.117% |
| S2 | 46.57 | -0.162% |
| S3 | 46.54 | -0.236% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 46.67 | 0.0536% |
| Price | 46.65 | |
| S1 | 46.06 | -1.26% |
| S2 | 46.03 | -1.32% |
| S3 | 45.97 | -1.45% |
JCPB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | May 01, 2024 | May 06, 2024 | $0.208 | 0.454% |
| 2 | Mar 01, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.190 | 0.407% |
| 3 | Feb 01, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.198 | 0.425% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Jan 03, 2024 | $0.182 | 0.389% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.182 | 0.394% |
FAQ
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