JPMorgan Ultra-Short Income ETF Forecast
Stronger technical forecast for JPMorgan Ultra-Short Income ETF price after Thursday trading.
(Updated on Apr 25, 2024)
The JPMorgan Ultra-Short Income ETF price gained 0.0397% on the last trading day (Thursday, 25th Apr 2024), rising from $50.38 to $50.40. During the last trading day the ETF fluctuated 0.0198% from a day low at $50.39 to a day high of $50.40. The price has risen in 7 of the last 10 days and is up by 0.22% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 4 million shares were bought and sold for approximately $201.44 million. 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 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 Ultra-Short Income ETF with a 90% probability to be traded between $50.19 and $50.42 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JPST Signals & Forecast
The JPMorgan Ultra-Short Income 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 $50.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 0.338%. 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 ETF should be watched closely. The ETF had a Golden Star Signal on Friday, October 20, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, October 20, 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.
A buy signal from a double bottom formation was found on Monday, April 01, 2024 with a target of $50.33. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for JPMorgan Ultra-Short Income ETF
JPMorgan Ultra-Short Income finds support from accumulated volume at $50.34 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 $0.0100 between high and low, or 0.0198%. For the last week the ETF has had daily average volatility of 0.0278%.
Our recommended stop-loss: $47.23 (-6.30%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (JPST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect JPMorgan Ultra-Short Income ETF to open at $50.40, and during the day (based on 14 day Average True Range), to move between $50.37 and $50.43, which gives a possible trading interval of +/-$0.0273 (+/-0.05%) up or down from last closing price. If JPMorgan Ultra-Short Income ETF takes out the full calculated possible swing range there will be an estimated 0.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.41 (0.02%) than the support at $50.34 (0.12%), 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 Ultra-Short Income ETF ETF A Buy?
JPMorgan Ultra-Short Income 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: -0.232 Hold/Accumulate Upgraded
Predicted Opening Price for JPMorgan Ultra-Short Income ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $50.40 ( 0.0066%) | $50.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.41 | 0.0132 % | |
| R2 | 50.40 | 0.0056 % | ||
| R1 | 50.40 | 0.0010 % | ||
| Current price: | 50.40 | |||
| Support | S1 | 50.39 | -0.0142 % | |
| S2 | 50.39 | -0.0189 % | ||
| S3 | 50.39 | -0.0265 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.45 | 0.0992 % | |
| R2 | 50.44 | 0.0794 % | ||
| R1 | 50.41 | 0.0198 % | ||
| Current price | 50.40 | |||
| Support | S1 | 50.34 | -0.119% | |
| S2 | 50.31 | -0.179% | ||
| S3 | 50.30 | -0.198% |
JPST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.221 | 0.438% |
| 2 | Jan 04, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.214 | 0.426% |
| 3 | Jan 04, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.219 | 0.435% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.237 | 0.472% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.222 | 0.443% |
FAQ
Click here for our free guide on how to buy JPMorgan Ultra-Short Income ETF ETF.
