JPMorgan Chase Stock 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
JPMorgan Chase stock price ended at $208.83 on Tuesday, after gaining 1.65%.
(Updated on Jul 02, 2024)
The JPMorgan Chase stock price gained 1.65% on the last trading day (Tuesday, 2nd Jul 2024), rising from $205.45 to $208.83. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.00% from a day low at $204.77 to a day high of $208.86. The price has risen in 7 of the last 10 days and is up by 7.1% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 8 million shares were bought and sold for approximately $1.62 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $209.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between $199.15 and $221.20 at the end of this 3-month period.
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JPM Signals & Forecast
Mostly positive signals in the chart today. The JPMorgan Chase stock 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 $201.44 and $199.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 15.97%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock 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 Wednesday, October 11, 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 stock in question.
Golden Star
The stock 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 Wednesday, October 11, 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 stock in question.
Golden Star 12 Months
The stock 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 Wednesday, October 11, 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 stock in question.
Support, Risk & Stop-loss for JPMorgan Chase stock
On the downside, the stock finds support just below today's level from accumulated volume at $196.30 and $195.65. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, JPMorgan Chase finds support just below today's level at $196.30. If this is broken, then the next support from accumulated volume will be at $195.65 and $182.79.
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 $4.09 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.62%.
The JPMorgan Chase stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $202.61 (-2.98%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (JPM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect JPMorgan Chase & Co to open at $207.49, and during the day (based on 14 day Average True Range), to move between $205.32 and $212.34, which gives a possible trading interval of +/-$3.51 (+/-1.68%) up or down from last closing price. If JPMorgan Chase & Co takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $196.30, some $12.53 (6.00%) from the current price of $208.83, our system finds the risk reward attractive.
Is JPMorgan Chase & Co stock A Buy?
JPMorgan Chase holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.047 Strong Buy Candidate Unchanged
Predicted Opening Price for JPMorgan Chase & Co of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $207.49 ( 0.643%) | $208.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 211.58 | 1.32% |
| R2 | 210.01 | 0.567% |
| R1 | 209.05 | 0.105% |
| Price | 208.83 | |
| S1 | 205.92 | -1.39% |
| S2 | 204.96 | -1.85% |
| S3 | 203.40 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 208.83 | |
| S1 | 196.30 | -6.00% |
| S2 | 195.65 | -6.31% |
| S3 | 182.79 | -12.47% |
JPM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 31, 2024 | $1.15 | 0.551% |
| 2 | Mar 19, 2024 | Apr 04, 2024 | Apr 30, 2024 | $1.15 | 0.600% |
| 3 | Dec 12, 2023 | Jan 04, 2024 | Jan 31, 2024 | $1.05 | 0.602% |
| 4 | Sep 19, 2023 | Oct 05, 2023 | Oct 31, 2023 | $1.05 | 0.755% |
| 5 | May 15, 2023 | Jul 05, 2023 | Jul 31, 2023 | $1.00 | 0.633% |
FAQ
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