JPMorgan Ultra-Short Income ETF Forecast
Evaluation of JPMorgan Ultra-Short Income ETF downgraded after the last trading session.
(Updated on May 06, 2024)
No changes to the price of JPMorgan Ultra-Short Income ETF on the last trading day (Monday, 6th May 2024). During the last trading day the ETF fluctuated 0.0199% from a day low at $50.28 to a day high of $50.29. The price has risen in 6 of the last 10 days but is still down by -0.16% for this period.
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 $50.21 and $50.45 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.
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JPST Signals & Forecast
There are mixed signals in the ETF today. The JPMorgan Ultra-Short Income 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 $50.33 and $50.34. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.119%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and 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 Wednesday, May 01, 2024 and based on theory for this formation the price should go up by 0.0500% to $50.31 within 22 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for JPMorgan Ultra-Short Income ETF
JPMorgan Ultra-Short Income finds support from accumulated volume at $50.27 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 0.0199%. For the last week the ETF has had daily average volatility of 0.0438%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JPST) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect JPMorgan Ultra-Short Income ETF to open at $50.28, and during the day (based on 14 day Average True Range), to move between $50.24 and $50.32, which gives a possible trading interval of +/-$0.0375 (+/-0.07%) 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 0.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.27 (0.02%) than the resistance at $50.30 (0.04%), 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 Ultra-Short Income ETF ETF A Buy?
JPMorgan Ultra-Short Income 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.762 Sell Candidate Downgraded
Predicted Opening Price for JPMorgan Ultra-Short Income ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $50.28 ( 0.0066%) | $50.28 |
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 | 50.29 | 0.0265 % | |
| R2 | 50.29 | 0.0189 % | ||
| R1 | 50.29 | 0.0142 % | ||
| Current price: | 50.28 | |||
| Support | S1 | 50.28 | -0.0010 % | |
| S2 | 50.28 | -0.0057 % | ||
| S3 | 50.27 | -0.0133 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.34 | 0.119 % | |
| R2 | 50.31 | 0.0597 % | ||
| R1 | 50.30 | 0.0398 % | ||
| Current price | 50.28 | |||
| Support | S1 | 50.27 | -0.0199% | |
| S2 | 50.25 | -0.0597% | ||
| S3 | 50.24 | -0.0796% |
JPST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 06, 2024 | $0.227 | 0.451% |
| 2 | Jan 04, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.221 | 0.438% |
| 3 | Jan 04, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.214 | 0.426% |
| 4 | Jan 04, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.219 | 0.435% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.237 | 0.472% |
FAQ
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