JPMorgan Municipal ETF Forecast
Stronger technical forecast for JPMorgan Municipal ETF price after Friday trading.
(Updated on Apr 26, 2024)
The JPMorgan Municipal ETF price gained 0.101% on the last trading day (Friday, 26th Apr 2024), rising from $50.09 to $50.15. During the last trading day the ETF fluctuated 0.160% from a day low at $50.12 to a day high of $50.20. The price has fallen in 5 of the last 10 days and is down by -0.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 217 thousand more shares were traded than the day before. In total, 445 thousand shares were bought and sold for approximately $22.34 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 Municipal ETF with a 90% probability to be traded between $49.26 and $49.83 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JMUB Signals & Forecast
There are mixed signals in the ETF today. The JPMorgan Municipal ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.20 and $50.47. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.140%. 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.
Support, Risk & Stop-loss for JPMorgan Municipal ETF
JPMorgan Municipal finds support from accumulated volume at $50.11 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 $0.0800 between high and low, or 0.160%. For the last week the ETF has had daily average volatility of 0.126%.
Our recommended stop-loss: $47.08 (-6.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (JMUB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect JPMorgan Municipal ETF to open at $50.16, and during the day (based on 14 day Average True Range), to move between $50.02 and $50.27, which gives a possible trading interval of +/-$0.122 (+/-0.24%) up or down from last closing price. If JPMorgan Municipal ETF takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.11 (0.07%) than the resistance at $50.36 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JPMorgan Municipal ETF ETF A Buy?
JPMorgan Municipal holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.188 Hold/Accumulate Upgraded
Predicted Opening Price for JPMorgan Municipal ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $50.16 ( 0.0199%) | $50.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMUB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.24 | 0.179 % | |
| R2 | 50.20 | 0.119 % | ||
| R1 | 50.19 | 0.0809 % | ||
| Current price: | 50.15 | |||
| Support | S1 | 50.12 | -0.0410 % | |
| S2 | 50.11 | -0.0787 % | ||
| S3 | 50.08 | -0.140 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.76 | 1.23 % | |
| R2 | 50.74 | 1.19 % | ||
| R1 | 50.36 | 0.429 % | ||
| Current price | 50.15 | |||
| Support | S1 | 50.11 | -0.0698% | |
| S2 | 50.09 | -0.101% | ||
| S3 | 50.08 | -0.140% |
JMUB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.146 | 0.288% |
| 2 | Feb 01, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.140 | 0.276% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.137 | 0.269% |
| 4 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.136 | 0.271% |
| 5 | Nov 01, 2023 | Nov 01, 2023 | Nov 01, 2023 | $0.151 | 0.316% |
FAQ
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