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JPM trade ideas
$JPM Navigating a Narrow ChannelJPM has 2 plots playing out, a rising wedge nested with a larger broadening wedge. We have negative divergence showing up on TSI & RSI showing that we might reach an early peak in current weekly cycle. Though price is above the a horizontal resistance, there is a higher probability that this is a false breakout.
A weekly swing high can be a signal for an entry with expectation we break below wedge support.
JPMorgan profit rises 6% But stock Plummets by 4.82%Amidst a 6% surge in profit, JPMorgan Chase ( NYSE:JPM ) faces a rocky road ahead as its interest income forecast falls short, resulting in a 4.82% stock plummet.
Despite the bank's robust financial performance in the first quarter, JPMorgan's ( NYSE:JPM ) projection for income from interest payments failed to meet analysts' expectations, triggering a dip in its shares. CEO Jamie Dimon's cautious outlook underscores the uncertainties looming over the economic horizon, including global conflicts, inflationary pressures, and quantitative tightening.
While the bank anticipates an uptick in net interest income (NII) for the full year, it fell short of market predictions, signaling potential challenges ahead. The dip in share value, however, contrasts analysts' positive sentiments regarding JPMorgan's overall performance in what was described as another "solid" quarter.
As the banking giant grapples with economic uncertainties, its succession plans come into focus, with potential successors to Dimon's leadership identified by the board. Amidst speculation about Dimon's future, both within the bank and potentially in a governmental role, the stability and trajectory of JPMorgan remain under scrutiny.
Despite the challenges, JPMorgan ( NYSE:JPM ) continues to expand its workforce and navigate evolving market dynamics, demonstrating resilience in a volatile financial landscape.
Technical Outlook
JPMorgan ( NYSE:JPM ) stock is nosediving toward a new support zone. The Relative Strength Index (RSI) of 36.91 reaffirms the thesis. The stock is trading below the 50-day Moving Average (MA).
JPMorgan's ( NYSE:JPM ) 4-month Price chart shows a "Bearish Harami" candlestick pattern.
Advanced Technical Analysis: JPMorgan Chase & Co. (JPM)JPMorgan Chase & Co. (JPM) is trading in the penumbra of a high-performing quarter, closing the session at $194.53, with a marginal dip of 1.33%. As the stock approaches its earnings report in two days, the market's appetite for risk in banking stocks is evident in the trade volume of 3.84M, closely aligned with its daily average.
Ichimoku Analysis:
The price action is nested comfortably above the Ichimoku cloud, portending a bullish landscape. However, the conversion line (blue) is poised for a potential bearish crossover with the baseline (red), warranting a meticulous eye for an impending shift in sentiment.
Momentum Indicators:
The RSI lingers at 66.27, teasing the precipice of the overbought region, reflecting sustained buying pressure. Meanwhile, the Stochastic oscillator presents a divergent narrative, dipping towards the neutral zone from an overbought condition, suggesting potential price stabilization or reversal.
MACD & Volume:
A subtle bearish convergence on the MACD with the signal line inching towards it forecasts a cooling of the bullish fervor. The On-Balance Volume (OBV) exhibits a minor descent, intimating at a slight decline in volume-weighted buying pressure.
Price Targets:
In the bullish scenario, a continued thrust above the recent high near the $200 mark is plausible, setting an intermediate target at the $205 psychological resistance. Conversely, a bearish reversal could seek support at the cloud's upper bound near $186.12, with a further bearish outlook possibly challenging the $180 support zone.
Conjecture:
With the earnings report on the anvil, JPM's technical posture is a harbinger of volatility. Investors are advised to strap in for price oscillations that may test both support and resistance mettle. Caution is the watchword, with a side of opportunistic zeal to capitalize on potential breakouts or breakdowns post-earnings release.
Synopsis:
JPM's technicals are a mosaic of bullish overtones with whispers of caution. While the momentum indicators hint at an overheated market, the trading above the Ichimoku cloud and the prevailing uptrend suggest resilience. Stakeholders should brace for earnings-induced turbulence, with a strategy to exploit the resultant market waves.
Disclosure:
This analysis is speculative, based on current market indicators and patterns. It should not be construed as financial advice. Investors should conduct their due diligence or consult a financial advisor before making any investment decisions.
JP Morgan Chase & Co, dailyShares in JP Morgan Chase and Co (symbol ‘JPM’) had a rather aggressive bullish rally in the first quarter of 2024 and managed to gain around 17% in value. JPM is expected to release its earnings report for the quarter ending March 2024 on Friday 12 April, before the market opens. The consensus estimate for earnings per share is $4.22 compared to the result for the same quarter last year of $4.10.
‘ In four out of the last five quarters, the company is recording higher net income, and its expected to continue to do so given the aggressive bullish momentum in the first quarter of the year. On the other hand, as of 31/12/2023, the current ratio is at 91% indicating that any short-term turmoil could potentially have a significant impact on the operations of the company. From a dividend perspective, the yield is currently at 2.15% which is rather positive from the shareholders' viewpoint making the share of the company somewhat more attractive.
On the technical side, the price has been trading in a steady bullish momentum for the majority of the first quarter and also reached a new all time high level of $199.13 on March 28, 2024. The Stochastic oscillator is near the extreme overbought level while the price is trading above all technical indicators potentially indicating a correction in the following sessions leading up to the earnings release. On the other hand, the 50-day moving average is trading well above the slower 100-day moving average validating the overall bullish trend in the market.
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t bought JPM before the previous earnings:
Then analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week,
I would consider purchasing the 170usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $28.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JP MORGAN: Expect bullish continuation $225.JP Morgan may be almost overbought on its 1M technical outlook (RSI = 69.738, MACD = 14.790, ADX = 37.379) but as you can see on this chart, this is when the stock tends to make a bullish extension instead of a correction. Especially since the 12 year pattern is a Channel Up and is currently on its fourth Bullish Wave of the structure. All prior bullish sequences have been over +124%, so we have a similar extension target (TP = 225.00) before any medium term correction takes place.
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JPM Earnings Next Week: Will Buybacks Hold Up the Stock?NYSE:JPM reached New Highs recently with a huge number of buybacks driving the stock upward so fast and so high. The big bank has also been busy gobbling up regional banks for two years now. JPM's floor traders, trading aggressively in a few key industries, are doing well.
However, Revenues and Earnings were down last quarter over the prior quarter. And Volume is trending slightly lower over the quarter. An overextended run into earnings often sees profit-taking ahead of or on the day of the report.
Smaller funds are in speculative mode chasing the buybacks. Why did smaller funds rush to buy on earnings last quarter? Year over Year comparisons show revenues and earnings are up. Year over year often distorts current values.
What matters is the most current data, quarter over quarter, for the Buy Side Institutions.
JPMorgan Chase & Co. Surges to New All Time High JPMorgan Chase & Co. has recorded a surge in its all-time high amidst market volatility, currently trading at $200 per share with a Positive Relative Strength Index (RSI) of 72.90. With U.S. stocks experiencing one of their best six-month runs in over a decade, JPMorgan Chase & Co. ( NYSE:JPM ) is at the forefront of this market momentum. The financial giant's upcoming earnings report is expected to set the tone for the banking sector, with investors eagerly awaiting insights into its performance amidst evolving market dynamics.
Driven by surging tech stocks and aligned interest rate forecasts with the Federal Reserve's outlook, the current market landscape is optimistic. However, analysts caution that the current rally may face headwinds in the second half of the year, and concerns linger over valuations and the potential impact of higher interest rates. Against this backdrop, JPMorgan's upcoming earnings release holds significance as a barometer of market sentiment and economic health.
JPMorgan's upcoming earnings report on April 12th will provide crucial insights into the banking sector's performance. Analysts expect earnings per share (EPS) of $4.21 for the current quarter, indicating a modest increase of 2.7% year-over-year. However, for the current fiscal year, consensus estimates point to a slight decline of 3%, highlighting the challenges faced by financial institutions amidst changing market conditions.
Revenue estimates for the current quarter suggest a year-over-year increase of 6.3%, reflecting JPMorgan's resilience in generating top-line growth. The bank's track record of beating EPS estimates in the past four quarters underscores its ability to deliver shareholder value even in a challenging operating environment.
As investors assess JPMorgan's valuation, the bank's strategic initiatives in wealth management offer potential avenues for growth. The launch of the Wealth Plan tool underscores JPMorgan's commitment to expanding its reach in wealth management and attracting new investments. With a focus on financial planning and personalized advisory services, the bank aims to capitalize on emerging opportunities in the wealth management space.
JPMorgan's earnings report will provide insights into the bank's resilience and adaptability. With a track record of innovation and strategic foresight, JPMorgan ( NYSE:JPM ) remains well-positioned to weather market challenges and deliver long-term value to shareholders. As such, investors eagerly anticipate the bank's financial results and strategic outlook amidst evolving market dynamics.
JPM Need it to retest before a buyJPM seems so consistent and could be an easy trade over time. Currently needs to consolidate/retest
JP MORGAN -15% correction very likely.JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction.
As you can see, every Higher High rejection (two so far on that pattern) has corrected by around -15%. As a result, we expect a minimum pull-back, below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line) of -14.77%, giving us a target of 173.00. That would be exactly on the 0.382 Fibonacci retracement level of the last Higher Low of the Channel Up, similar to March 23 2023.
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JPM a financial rockstar in stampede mode LONGJPM on the daily chart has plain and obvious consistent momentum albeit with corrections.
The markets are expected to thrive in this lection year and three rate cuts are projected
in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest
the next best time is now before the forecasted rate cuts are factored into price ahead of
the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24
expiration which is not a surprise and is the month of the presidential nominating conventions.
That is 10% above current price and suggests the options buyers are expecting price to be
in that money by July meaning maybe a target for price is 225-250. No matter, I am getting
mine now before the prices rise.
JPM Cup and HandleCurrently, my eyes are focused on couple of stocks with good potential and positive fundamentals following them. The one I am watching for quite some time now is JPM, JP Morgan, one the biggest US banks.
JPM with $3.7 trillion in assets at this moment, is the largest US bank, and it has a full 16.3% of the total assets held by all the US commercial banks. This graph provided by Barrons shows how big the JPM truly is.
images.barrons.com
What to consider in this stock:
1. Due to possibility of additional bank collapse in the US, price may fluctuate more than usual. Always make sure to have an exit point, especially in turmoil times like we are having at the moment.
2. Currently, chart is showing us a potential Cup and Handle formation in making. The Daily level is the one I am focused on at the moment.
3. Some potential price levels I am currently looking: I wouldn't consider buying the stock if it drops bellow the $131.75 level, which was the last support the price of the stock had.
4. Potential buy point, which will be my safe entry zone will be at break of the last resistance zone sitting at $141.10 price level.
5. If the scenario goes as planned, my potential price limit for Take Profit levels will be based on the current moves by the overall market and the stock itself, meaning, I will not have a price range with the TP level. I will just follow along.
6. Most important, my Stop Loss levels will be firmly set to $131.5 price level, sitting just under the 50SMA line and the last wick of the candle which dipped bellow the line itself.
As always, I am not financial advisor. I am investor who is putting his money on the markets. Please make sure to do your due diligence and see if this potential scenario will suit your investor needs.
Jp Morgan trading plan Jp Morgan just brake my support zone am expecting a pullback to the support or further upside if buying momentum is strong enough it might not retrace the level but you can chase the market safe entry is waiting for pull back n get into position📈
JP Morgan Important Long term LevelsJP Morgan Important Long term Levels
Horizontal Lines are Strong Longterm Levels works as Support/Resistance depends on where the price is located ...
Take your orders as close as possible for the levels specially if a level crossed by Fan Trend.
Next Resistance :204
Support 170
Best Regards.
Jamie Dimon Divests 150 Million Worth of JPMorgan Chase StockDimon's recent divestment of 821,778 shares of common stock, worth approximately $150 million, underscores a larger strategy unveiled last October. This calculated maneuver, meticulously executed under the guidelines of SEC Rule 10b5-1, demonstrates astute foresight and confidence in the company's trajectory. Despite the divestment, Dimon and his family retain significant ownership, affirming their enduring faith in JPMorgan Chase's ( NYSE:JPM ) potential.
The market's response to NYSE:JPM 's performance on February 23, 2024, further solidifies its status as a beacon of stability and growth in the financial sector. Trading near the pinnacle of its 52-week range, the stock's ascent above its 200-day moving average signals sustained momentum and resilience in the face of market fluctuations. With a modest yet notable increase of $1.10 per share, JPMorgan Chase & Co.,( NYSE:JPM ) continues to capture investor interest, bolstered by its robust fundamentals and unwavering commitment to delivering value.
JPM's financial prowess is not merely confined to its stock performance; its recent earnings report speaks volumes about its resilience and adaptability. A staggering $239.32 billion in revenue over the past year, coupled with a formidable $62.83 billion in the fourth quarter alone, underscores the company's ability to navigate complex market dynamics with finesse. Net income paints a similarly impressive picture, with $49.26 billion accrued over the past year and $9.26 billion in the fourth quarter, attesting to JPM's enduring profitability and operational efficiency.
Earnings per share (EPS) provide a tangible metric of JPMorgan Chase's ( NYSE:JPM ) shareholder value creation, with a commendable $16.23 over the past year and $3.04 in the fourth quarter. These figures not only validate the company's strategic initiatives but also instill confidence in its ability to generate sustainable returns for investors.
As the financial landscape continues to evolve, JPMorgan Chase & Co., ( NYSE:JPM ) stands as a paragon of stability, innovation, and strategic foresight. Jamie Dimon's recent divestment, coupled with the company's stellar financial performance, underscores its unwavering commitment to shareholder value and long-term sustainability. For investors seeking exposure to the financial services sector, JPMorgan Chase & Co. ( NYSE:JPM ) remains a compelling choice, poised to capitalize on emerging opportunities and navigate challenges with resilience and poise.
In conclusion, amidst strategic maneuvers and robust financial performance, JPMorgan Chase & Co., ( NYSE:JPM ) emerges as a steadfast leader in the global financial arena, poised for continued success and value creation in the years ahead.
JP Morgan: Bearish - WOLFE detected + divergence with the ROC.JP Morgan: Bearish - WOLFE detected + divergence with the ROC.
The price could fall weekly to around 154 then 137.
The divergence on the ROC is very strong.
The 50 and 200 exponential moving averages are potential targets.
On a daily basis we could reach 171 then 155, the divergence on the ROC is also very strong.
Be careful!
JPM, SOME UPSIDE AND A WHOLE LOTTA DOWNSIDEJPM might have a bad week?
Maybe bad Feb?
idk yet, however, from technicals, it seems like after 181 or so, and especially after $210, there isn't much upside showing.
Likely meaning, the risk far outweighs the reward at those levels.
IT could be big, and it could be fairly quick.
if you're shorting, yeah, these are great times to consider entering.
The downside shows all the way to $69 (nice)
Does that mean enter short right now this minute? nah
but be ready because things could really drop quickly in the coming month or so.
idk maybe this?
JPM @ $175.10If you look at this chart you will notice that the resistance is above the 50 EMA.
To Be honest NYSE:JPM is oversold.
Do you see that the chart has been up-trending?
Learn the rocket booster strategy check out the references below.
Also notice that this uptrend is very much near the resistance.
With the Rocket Booster Strategy you will understand the direction of the price.
Remember the price is near resistance.Also do not use margin.
Disclaimer:This is not financial advice do your own research before you buy or sell anything and do not buy or sell anything i recommend to you.Take this as a warning you will lose money in trading, so learn risk management strategies as well.
JPM support and resistance 4hr chartIf it can just get up and past 176 it could then head for 178 supply. If if can't break through them maybe back down to 172 demand.
Short at all time highAs many financial equities have had a hard time during these economically challenged hardships are for the average consumer, without realizing this as a Major bank and would most likely be provided help from the government if any issues were to arise to its value. From a technical perspective, price is currently sitting at an all time high banks or the financial sector in general have fared poorly amongst these high interest rate environment. It may be time to short or take profits near its all time high even breaking above its most recent highs, although the uptrend has stayed strong the sentiment around the market hasn't changed. as many finance stocks have suffered although value has held, from a technical trader its about time to exit and take profit. 2024 leading into 2025 with no answer to when interest rate cuts will happen or not happen anytime soon is on all investors minds, ones investment should be moved elsewhere very soon as high interest rates for longer.
JPM SHORT FORECAST Q1 24 : RECESSION SEASON ???My analysis was based on the AMEX:IYF then down to the AMEX:IAT
so i have nothing to say about this "company"
quote on company but to my spec life ninjas (speculator life)
who look at stocks
price has hit the strongest zone on a multi timeframe perspective
and im expecting it to drive lower considering the 2 major wicks
its giving bull trend exhaustion fasho and i dont expect a petty pull back
this is the WEEKLY TIMEFRAME
and very little resistance formed during the bull run
Fundamentals (the real reason why im shorting): rates too high for too long blah blah if cut too soon inflation blah blah lets short (or not its up to you)
marked my reversal price levels and will update where to if this post is followed enough (just like to indicate that you down fo mo updates)
im picking JPM and some other stocks that will yield more in the industry maybe more will
bankrupt this year
pro tip from a big steppa: monitor your sector etfs weekly
