Jpmorgan Short Duration Core Plus Etf ETF Forecast
Jpmorgan Short Duration Core Plus Etf ETF price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Jpmorgan Short Duration Core Plus Etf ETF on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the ETF fluctuated 0.0862% from a day low at $46.42 to a day high of $46.46. The price has risen in 7 of the last 10 days and is up by 0.56% over the past 2 weeks.
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 Short Duration Core Plus Etf ETF with a 90% probability to be traded between $46.59 and $46.87 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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JSCP Signals & Forecast
The Jpmorgan Short Duration Core Plus Etf 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 $46.44 and $46.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, June 14, 2024, and so far it has fallen -0.0430%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -0.94% to $46.01 within 7 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Jpmorgan Short Duration Core Plus Etf ETF
Jpmorgan Short Duration Core Plus Etf finds support from accumulated volume at $46.24 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0400 between high and low, or 0.0862%. For the last week the ETF has had daily average volatility of 0.132%
Our recommended stop-loss: $43.30 (-6.79%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (JSCP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jpmorgan Short Duration Core Plus Etf to open at $46.44, and during the day (based on 14 day Average True Range), to move between $46.35 and $46.55, which gives a possible trading interval of +/-$0.0985 (+/-0.21%) up or down from last closing price. If Jpmorgan Short Duration Core Plus Etf takes out the full calculated possible swing range there will be an estimated 0.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.47 (0.04%) than the support at $46.24 (0.45%), 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 Short Duration Core Plus Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jpmorgan Short Duration Core Plus Etf ETF to perform well in the short-term period.
Current score: 1.656 Buy Candidate Unchanged
Predicted Opening Price for Jpmorgan Short Duration Core Plus Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $46.44 ( 0.0144%) | $46.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSCP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.48 | 0.0718% |
| R2 | 46.47 | 0.0389% |
| R1 | 46.46 | 0.0185% |
| Price | 46.45 | |
| S1 | 46.43 | -0.0472% |
| S2 | 46.42 | -0.0676% |
| S3 | 46.40 | -0.100% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 46.47 | 0.0431% |
| Price | 46.45 | |
| S1 | 46.24 | -0.452% |
| S2 | 46.18 | -0.581% |
| S3 | 46.14 | -0.667% |
JSCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 06, 2024 | $0.183 | 0.397% |
| 2 | Jan 04, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.184 | 0.398% |
| 3 | Jan 04, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.163 | 0.351% |
| 4 | Jan 04, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.180 | 0.389% |
| 5 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2024 | $0.164 | 0.352% |
FAQ
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