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Previous Hold Today JPM ranks #3126 as HOLD CANDIDATE #3126 Next Hold

JPM stock forecast J P Morgan Chase & Co

JPM stock forecast

Monday June 24, 2019 Change -0.71% Price $108.66
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will JPM stock price go up or down on Tue, 25 Jun 2019?

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J P Morgan Chase & Co Forecast and Stock Analysis

Technical JPM stock analysis for Monday June 24, 2019.

Hold candidate since 2019-06-24


J P Morgan Chase & Co fell by -0.71% in the last day ( Monday, 24th Jun 2019 ) from $109.44 to $108.66 and has now fallen 3 days in a row. During day the stock fluctuated 1.14% from a day low at $108.54 to a day high of $109.77. The price has been going up and down for this period, and there has been a -1.52% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -13.90 million shares and in total 12.91 million shares bought and sold for approximately $1 402.57 million.

Quick summary:

  • 30 day high of the JPM stock price was $111.67 and low was $104.84.
  • 90 day high was $117.16 and low was $98.82.
  • 52 week high for the J P Morgan Chase & Co - $119.24 and low - $91.11.

Trend

J P Morgan Chase & Co lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $107.16 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.15% during the next 3 months and, with 90% probability hold a price between $111.61 and $123.68 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. J P Morgan Chase & Co holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $109.71 and $110.10. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

J P Morgan Chase & Co finds support from accumulated volume at $104.64.

Support: $104.64 Price: $108.66 Resistance: $109.44

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.24 (1.14%) between high and low. For the last week, the stock has had a daily average volatility of 1.87%.

Our recommended stoploss: $103.40 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)

1.87 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

J P Morgan Chase & Co holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded
Previous Hold Today JPM ranks #3126 as HOLD CANDIDATE #3126 Next Hold

Will JPM stock price go up or down on Tue, 25 Jun 2019?

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