Jpmorgan Active Small Cap Value Etf ETF Forecast
Green day on Thursday for Jpmorgan Active Small Cap Value Etf
(Updated on Jun 27, 2024)
The Jpmorgan Active Small Cap Value Etf ETF price gained 0.705% on the last trading day (Thursday, 27th Jun 2024), rising from $53.90 to $54.28. During the last trading day the ETF fluctuated 0.519% from a day low at $54.00 to a day high of $54.28. The price has fallen in 5 of the last 10 days but is still up by 0.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 147 more shares were traded than the day before. In total, 565 shares were bought and sold for approximately $30.67 thousand.
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 $54.49 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Jpmorgan Active Small Cap Value Etf ETF with a 90% probability to be traded between $52.44 and $53.67 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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JPSV Signals & Forecast
The Jpmorgan Active Small Cap Value Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $54.13 and $54.25. A breakdown below any of these levels will issue sell signals. Jpmorgan Active Small Cap Value Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, June 24, 2024, and so far it has fallen -0.641%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jpmorgan Active Small Cap Value Etf ETF
Jpmorgan Active Small Cap Value Etf finds support from accumulated volume at $54.25 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 $0.280 between high and low, or 0.519%. For the last week the ETF has had daily average volatility of 0.457%.
Our recommended stop-loss: $51.95 (-4.29%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (JPSV) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Jpmorgan Active Small Cap Value Etf to open at $54.19, and during the day (based on 14 day Average True Range), to move between $53.90 and $54.66, which gives a possible trading interval of +/-$0.384 (+/-0.71%) up or down from last closing price. If Jpmorgan Active Small Cap Value Etf takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.25 (0.06%) than the resistance at $54.40 (0.22%), 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 Active Small Cap Value Etf ETF A Buy?
Jpmorgan Active Small Cap Value Etf 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Jpmorgan Active Small Cap Value Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $54.19 ( 0.172%) | $54.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPSV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.47 | 0.344% |
| R2 | 54.36 | 0.147% |
| R1 | 54.29 | 0.0251% |
| Price | 54.28 | |
| S1 | 54.08 | -0.369% |
| S2 | 54.01 | -0.491% |
| S3 | 53.91 | -0.688% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.12 | 1.54% |
| R2 | 54.63 | 0.645% |
| R1 | 54.40 | 0.221% |
| Price | 54.28 | |
| S1 | 54.25 | -0.0553% |
| S2 | 53.91 | -0.685% |
| S3 | 53.62 | -1.22% |
JPSV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 08, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.591 | 1.08% |
FAQ
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