Jpmorgan Chase & Co. Stock Forecast

Weaker technical forecast for Jpmorgan Chase & Co. as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)

JPM-PL Signals & Forecast

The Jpmorgan Chase & Co. stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $21.04. On a fall, the stock will find some support from the long-term average at approximately $20.76. 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 25, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, May 31, 2024 in the short-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 stock in question.

Support, Risk & Stop-loss for Jpmorgan Chase & Co. stock

Jpmorgan Chase & Co. finds support from accumulated volume at $20.77 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.210 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 0.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JPM-PL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Jpmorgan Chase & Co. to open at $21.01, and during the day (based on 14 day Average True Range), to move between $20.74 and $21.14, which gives a possible trading interval of +/-$0.202 (+/-0.97%) up or down from last closing price. If Jpmorgan Chase & Co. takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.11 (0.81%) than the support at $20.77 (0.81%), 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 Chase & Co. stock A Buy?

Jpmorgan Chase & Co. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.360 Sell Candidate Downgraded

Predicted Opening Price for Jpmorgan Chase & Co. of Monday, July 1, 2024

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