JPMorgan U.S. Value Factor ETF Forecast

Weaker technical forecast for JPMorgan U.S. Value Factor as ETF downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)

JVAL Signals & Forecast

There are mixed signals in the ETF today. The JPMorgan U.S. Value Factor ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $40.48. On a fall, the ETF will find some support from the short-term average at $39.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for JPMorgan U.S. Value Factor ETF

JPMorgan U.S. Value Factor finds support from accumulated volume at $39.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.270 (0.678%) between high and low. For the last week, the ETF has had daily average volatility of 0.94%.

Our recommended stop-loss: $38.09 (-4.95%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (JVAL) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect JPMorgan U.S. Value Factor ETF to open at $39.99, and during the day (based on 14 day Average True Range), to move between $39.63 and $40.51, which gives a possible trading interval of +/-$0.441 (+/-1.10%) 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 2.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $40.37 (0.75%) than the support at $39.58 (1.22%), 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?

JPMorgan U.S. Value Factor 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.923 Hold/Accumulate Downgraded

Predicted Opening Price for JPMorgan U.S. Value Factor ETF of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.