Jpmorgan Global Select Equity Etf ETF Forecast

Jpmorgan Global Select Equity Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jun 24, 2024)

JGLO Signals & Forecast

The Jpmorgan Global Select Equity Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $60.28. On a fall, the ETF will find some support from the long-term average at approximately $58.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.628%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Wednesday, November 01, 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 ETF in question.

Support, Risk & Stop-loss for Jpmorgan Global Select Equity Etf ETF

Jpmorgan Global Select Equity Etf finds support from accumulated volume at $57.98 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 $0.97 between high and low, or 1.60%. For the last week the ETF has had daily average volatility of 0.86%.

Our recommended stop-loss: $57.86 (-3.82%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (JGLO) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Jpmorgan Global Select Equity Etf to open at $60.47, and during the day (based on 14 day Average True Range), to move between $59.54 and $60.78, which gives a possible trading interval of +/-$0.619 (+/-1.03%) up or down from last closing price. If Jpmorgan Global Select Equity Etf takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $60.28 (0.20%) than the support at $57.98 (3.62%), 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 Global Select Equity Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jpmorgan Global Select Equity Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.911 Buy Candidate Upgraded

Predicted Opening Price for Jpmorgan Global Select Equity Etf of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.