JPMorgan U.S. Quality Factor ETF Forecast
Green day on Friday for JPMorgan U.S. Quality Factor
(Updated on May 31, 2024)
The JPMorgan U.S. Quality Factor ETF price gained 1.08% on the last trading day (Friday, 31st May 2024), rising from $51.00 to $51.55. During the last trading day the ETF fluctuated 1.63% from a day low at $50.72 to a day high of $51.55. The price has fallen in 6 of the last 10 days and is down by -1.7% for this period. Volume fell on the last day by -76 thousand shares and in total, 349 thousand shares were bought and sold for approximately $17.97 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect JPMorgan U.S. Quality Factor ETF with a 90% probability to be traded between $48.52 and $51.51 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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JQUA Signals & Forecast
The JPMorgan U.S. Quality Factor ETF 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 ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $51.70. On a fall, the ETF will find some support from the long-term average at approximately $51.18. 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. 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. 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 Wednesday, May 15, 2024, and so far it has fallen -1.92%. 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 U.S. Quality Factor ETF
JPMorgan U.S. Quality Factor finds support from accumulated volume at $50.40 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 $0.83 between high and low, or 1.63%. For the last week the ETF has had daily average volatility of 0.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JQUA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect JPMorgan U.S. Quality Factor ETF to open at $51.27, and during the day (based on 14 day Average True Range), to move between $51.08 and $52.02, which gives a possible trading interval of +/-$0.474 (+/-0.92%) up or down from last closing price. If JPMorgan U.S. Quality Factor ETF takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.80 (0.48%) than the support at $50.40 (2.23%), 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 U.S. Quality Factor ETF ETF A Buy?
JPMorgan U.S. Quality Factor holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.265 Sell Candidate Unchanged
Predicted Opening Price for JPMorgan U.S. Quality Factor ETF of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$51.27 ( 0.534%) | $51.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JQUA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.10 | 1.07 % | |
R2 | 51.78 | 0.456 % | ||
R1 | 51.59 | 0.0779 % | ||
Current price: | 51.55 | |||
Support | S1 | 50.96 | -1.15 % | |
S2 | 50.76 | -1.52 % | ||
S3 | 50.45 | -2.13 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.87 | 2.56 % | |
R2 | 52.44 | 1.73 % | ||
R1 | 51.80 | 0.485 % | ||
Current price | 51.55 | |||
Support | S1 | 50.40 | -2.23% | |
S2 | 50.02 | -2.97% | ||
S3 | 49.78 | -3.43% |
JQUA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 04, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.116 | 0.221% |
2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0100 | 0.0208% |
3 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.193 | 0.404% |
4 | Jan 02, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.141 | 0.324% |
5 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.139 | 0.323% |
FAQ
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