JPMorgan Municipal ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for JPMorgan Municipal
(Updated on May 10, 2024)
The JPMorgan Municipal ETF price fell by -0.149% on the last day (Friday, 10th May 2024) from $50.50 to $50.43. During the last trading day the ETF fluctuated 0.120% from a day low at $50.42 to a day high of $50.48. The price has risen in 7 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -116 thousand shares and in total, 106 thousand shares were bought and sold for approximately $5.35 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $50.49 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect JPMorgan Municipal ETF with a 90% probability to be traded between $49.13 and $49.78 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
The JPMorgan Municipal 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 $50.36 and $50.33. 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). 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 Thursday, May 09, 2024, and so far it has fallen -0.149%. 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 Monday, May 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 14, 2023.
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.
Golden Star
The ETF had a Golden Star Signal on Monday, May 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 14, 2023.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, May 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 14, 2023.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 Municipal ETF
JPMorgan Municipal finds support from accumulated volume at $50.36 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 $0.0603 between high and low, or 0.120%. For the last week the ETF has had daily average volatility of 0.126%.
Our recommended stop-loss: $47.16 (-6.48%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (JMUB) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect JPMorgan Municipal ETF to open at $50.44, and during the day (based on 14 day Average True Range), to move between $50.32 and $50.53, which gives a possible trading interval of +/-$0.107 (+/-0.21%) up or down from last closing price. If JPMorgan Municipal ETF takes out the full calculated possible swing range there will be an estimated 0.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.36 (0.13%) than the resistance at $50.72 (0.59%), 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.
Current score: -0.545 Hold/Accumulate Unchanged
Predicted Opening Price for JPMorgan Municipal ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $50.44 ( 0.0329%) | $50.43 |
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 | 50.50 | 0.152 % | |
| R2 | 50.48 | 0.107 % | ||
| R1 | 50.46 | 0.0785 % | ||
| Current price: | 50.43 | |||
| Support | S1 | 50.42 | -0.0128 % | |
| S2 | 50.40 | -0.0410 % | ||
| S3 | 50.38 | -0.0867 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.76 | 0.664 % | |
| R2 | 50.74 | 0.625 % | ||
| R1 | 50.72 | 0.585 % | ||
| Current price | 50.43 | |||
| Support | S1 | 50.36 | -0.129% | |
| S2 | 50.15 | -0.555% | ||
| S3 | 50.11 | -0.625% |
JMUB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | May 01, 2024 | May 06, 2024 | $0.151 | 0.301% |
| 2 | Mar 01, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.146 | 0.288% |
| 3 | Feb 01, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.140 | 0.276% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.137 | 0.269% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.136 | 0.271% |
FAQ
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