JPMorgan U.S. Value Factor ETF Forecast
JPMorgan U.S. Value Factor ETF price ended at $41.07 on Friday, after gaining 0.220%.
(Updated on Jun 21, 2024)
The JPMorgan U.S. Value Factor ETF price gained 0.220% on the last trading day (Friday, 21st Jun 2024), rising from $40.98 to $41.07. During the last trading day the ETF fluctuated 0.371% from a day low at $40.92 to a day high of $41.07. The price has been going up and down for this period, and there has been a 0.96% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately $1.25 million.
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. Value Factor ETF with a 90% probability to be traded between $39.77 and $42.10 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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JVAL Signals & Forecast
Mostly positive signals in the chart today. The JPMorgan U.S. Value Factor 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 $40.93 and $40.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.06%. 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). JPMorgan U.S. Value Factor 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for JPMorgan U.S. Value Factor ETF
JPMorgan U.S. Value Factor finds support from accumulated volume at $40.79 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 $0.152 between high and low, or 0.371%. For the last week the ETF has had daily average volatility of 0.588%.
Our recommended stop-loss: $38.72 (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (JVAL) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect JPMorgan U.S. Value Factor ETF to open at $41.02, and during the day (based on 14 day Average True Range), to move between $40.73 and $41.41, which gives a possible trading interval of +/-$0.344 (+/-0.84%) up or down from last closing price. If JPMorgan U.S. Value Factor ETF takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.07 (0.00%) than the support at $40.79 (0.68%), 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. Value Factor 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 U.S. Value Factor ETF to perform well in the short-term period.
Current score: 1.608 Buy Candidate Unchanged
Predicted Opening Price for JPMorgan U.S. Value Factor ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $41.02 ( 0.123%) | $41.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JVAL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.17 | 0.247% |
| R2 | 41.11 | 0.105% |
| R1 | 41.08 | 0.0180% |
| Price | 41.07 | |
| S1 | 40.96 | -0.265% |
| S2 | 40.93 | -0.352% |
| S3 | 40.87 | -0.493% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.41 | 0.83% |
| R2 | 41.13 | 0.146% |
| R1 | 41.07 | 0.0019% |
| Price | 41.07 | |
| S1 | 40.79 | -0.682% |
| S2 | 40.60 | -1.14% |
| S3 | 39.22 | -4.50% |
JVAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.144 | 0.349% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.329 | 0.85% |
| 3 | Jan 02, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.191 | 0.550% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.287 | 0.83% |
| 5 | Jan 02, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.131 | 0.400% |
FAQ
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