JPMorgan U.S. Value Factor ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for JPMorgan U.S. Value Factor ETF after gaining 0.96%
(Updated on May 03, 2024)
The JPMorgan U.S. Value Factor ETF price gained 0.96% on the last trading day (Friday, 3rd May 2024), rising from $39.67 to $40.05. During the last trading day the ETF fluctuated 0.751% from a day low at $39.93 to a day high of $40.23. The price has risen in 7 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 28 thousand shares were bought and sold for approximately $1.13 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. Value Factor ETF with a 90% probability to be traded between $40.05 and $42.71 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
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.22%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $40.34. On a fall, the ETF will find some support from the short-term average at $39.74. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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.
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 $0.300 between high and low, or 0.751%. For the last week the ETF has had daily average volatility of 1.00%
Our recommended stop-loss: $38.06 (-4.96%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (JVAL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect JPMorgan U.S. Value Factor ETF to open at $40.07, and during the day (based on 14 day Average True Range), to move between $39.59 and $40.51, which gives a possible trading interval of +/-$0.463 (+/-1.15%) 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 2.31% 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 (0.80%) than the support at $39.58 (1.17%), 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: 2.821 Buy Candidate Unchanged
Predicted Opening Price for JPMorgan U.S. Value Factor ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $40.07 ( 0.0499%) | $40.05 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 40.37 | 0.799 % | |
| R2 | 40.26 | 0.513 % | ||
| R1 | 40.18 | 0.336 % | ||
| Current price: | 40.05 | |||
| Support | S1 | 39.96 | -0.236 % | |
| S2 | 39.88 | -0.413 % | ||
| S3 | 39.77 | -0.699 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.13 | 2.70 % | |
| R2 | 40.83 | 1.95 % | ||
| R1 | 40.37 | 0.799 % | ||
| Current price | 40.05 | |||
| Support | S1 | 39.58 | -1.17% | |
| S2 | 39.22 | -2.07% | ||
| S3 | 38.90 | -2.87% |
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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