JPMorgan Chase (JPM) slips 4.2%JPMorgan Chase (JPM) slips 4.2% after Baird analysts downgraded the stock to underperform, urging investors to take profit on the US investment bank due an unattractive risk-reward.
JPM trade ideas
JPM Flag/ConsolidationAfter an incredible break, JMP has been consolidating inside this rectangle between $227
and $221.
This reminds me of LMT when it consolidated for over a month but provided an explosive move after the break.
I am keeping alerts on above $227 and below $221
JPM Consolidating Near All-Time HighsFollowing its latest earnings release, JPM is consolidating tightly near its all-time highs, showing relative strength by holding steady even as the broader market pulls back. Notably, the price action is resisting the distribution marked by the red line on the RSI. It’s worth mentioning that the first time JPM hit $225 in August, it saw a sharp pullback to the $200 range. This time, however, it’s holding above the earnings gap-up range.
If you’re bullish on the market, this stock is definitely one to keep on your radar.
#JPM has remarkable performance.#JPM as you may see swings mostly over its median trend line and based on its RSI more likely will experience some turbulence and then back to the all-time high again.
The under_knees order block (#supply_area ) has great potential as long as it is not closed under the #median_line_trend.
JP Morgan Chase weekly (log)Hello commuté,
Weekly chart still in log with linear regression channels
The trend is magnificent, nothing to say it is indeed the first US bank.
The upward trend has been since 2011, it's crazy, right?
The 200-period simple average is in orange on the chart.
Make your opinion, before placing an order.
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JPM shortJPM demonstrated a weakness at its bottom part of the month candlestick. For now it is in the bearish area, where from it could be started down rally.
It is reasonable to follow after best entrance point with small stop and good R:R.
The idea cancel is month close above 222.50
Will be updated later.
Don't ever count Jamie Dimon outJPM continues to be a leader in the banking space. This name takes too big to fail to another level.. Market cap continues to soar and this honestly just might be getting started..
Jamie is always teasing Private Equity saying that they've been doing private equity since they were called mezzanine deals. It's already a business within the company and with a switch flip they can execute even further on this.
With the cash sorting/high yield savings currently dwindling down I think the reliability and trust that JPM carries with them might differentiate their returns and NIM from others in a falling rate environment... their tech spend is almost equal to some big tech companies.
Being a share holder here is easy.
NYSE:JPM go brrrrr
Ceiling breakage imminent..
JPM
A correction might not occur, so we position ourselves for the continuation of the movement with a wide stop, but with a high probability of movement in the 5th wave
JPM: Overbought on 1M. Buying becomes risky now.JP Morgan is almost overbought on its 1M technical outlook (RSI = 69.452, MACD = 20.800, ADX = 54.049), trading very close to the top of the 12 year Channel Up. Being overbought on the wider/ longest timeframe available, indicates trend exhastion and a potential bearish reversal. Basically, we continue to use the same pattern that helped us get a strong buy last time and this time it shows that the last two times the 1M RSI was this overbought, the stock pulled back to at least the 0.236 Fibonacci level. Consequently we expect a lengthy but relatively controlled correction to start in the coming candles to test the 0.236 Fib and approach the 1M MA50 (TP = 187.00).
See how our prior idea has worked out:
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$JPM Short ideaNYSE:JPM Perfect raising wedge with a clear double top pattern.
Short might work here at this zone.
$JPM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:JPM after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
JPMorgan (JPM) Shares Rise Over 4% Following Earnings ReportJPMorgan (JPM) Shares Rise Over 4% Following Earnings Report
On Friday, before the market opened, JPMorgan (JPM) released its Q3 earnings, which exceeded expectations:
→ Earnings per share: Expected = $3.99, Actual = $4.97
→ Revenue: Expected = $41.4 billion, Actual = $43.4 billion
CEO Jamie Dimon praised the strong results but issued several cautionary statements. He noted:
→ Geopolitical risks are rising rapidly. "We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are dangerous and deteriorating."
→ "While inflation is easing and the US economy remains resilient, several critical challenges persist, including a large budget deficit, infrastructure needs, trade restructuring, and the remilitarisation of the world."
Despite Dimon's caution, investors responded positively to JPMorgan’s strong results, pushing JPM shares up more than 4% on Friday.
Year-to-date, the stock has gained around 30%, and since last October, the increase has been about 50%.
Technical Analysis of JPMorgan (JPM) Shares:
→ The price is moving within an ascending channel (shown in blue).
→ The RSI indicator has risen to the overbought zone.
→ Friday’s candlestick shows a noticeable upper shadow (a sign of selling pressure).
→ The psychological level of $225 per share may act as resistance, as seen at the start of September.
If the bullish momentum continues and the price of JPM shares approaches the upper boundary of the channel, this could set the stage for a correction, potentially towards the support zone formed by:
→ The lower boundary of the blue channel
→ Former resistance at $213
→ The lower edge of Friday’s bullish gap
According to TipRanks, the average analyst price target for JPMorgan shares is $228 over the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
JPMorgan Stock Surges After Q3 Earnings Beat EstimatesJPMorgan Chase & Co. (NYSE: NYSE:JPM ) shares rose nearly 5% on Friday as the bank's Q3 earnings exceeded expectations. JPMorgan (NYSE: NYSE:JPM ), the world’s largest bank by market capitalization, reported a robust revenue of $42.65 billion, surpassing analysts’ expectations of $40.85 billion. This strong performance was driven by growth in net interest income (NII), which increased to $23.41 billion.
Earnings Outlook
JPMorgan’s solid Q3 results showcased its ability to navigate a challenging macroeconomic environment. The bank posted earnings of $4.37 per share, slightly higher than the $4.33 from a year ago and far ahead of analyst estimates of $3.97. While profits dipped slightly to $12.9 billion from $13.15 billion, the impressive revenue and NII growth were key drivers behind the stock's upward momentum.
Despite the recent cut in interest rates by the Federal Reserve, which had impacted net interest margins for many banks, JPMorgan’s core business remained resilient. Rising deposit costs have placed pressure on banks in recent quarters, but the expectation is that lower rates will eventually lower deposit expenses and reignite loan growth. JPMorgan is also well-positioned to benefit from potential future interest rate cuts, which should stimulate investment banking activity and loan demand.
CEO Jamie Dimon remains cautious about the global economy, citing geopolitical risks such as the conflicts in Ukraine and the Middle East. These factors, combined with U.S.-China tensions, have prompted the bank to maintain a defensive posture. Nevertheless, JPMorgan's massive scale and global reach have enabled it to weather uncertainty better than most financial institutions.
Technical Outlook
On the technical side, JPMorgan’s stock is up 4.96% at the time of writing, approaching an overbought region with an RSI of 68.35. This marks a critical juncture, as the stock is nearing its August 30th, 2024, resistance point, a level where it previously dipped after a strong rally. While the possibility of a short-term pullback exists, the current daily price chart shows a bullish harami pattern. This continuation pattern, particularly when preceded by two bullish candles, indicates strong momentum in favor of further gains.
The bullish harami pattern, coupled with JPMorgan’s strong earnings performance, suggests that the stock may continue to rise in the near term. However, investors should monitor the NYSE:JPM resistance level closely, as a break above this point could propel the stock toward new highs, while a failure to break through may signal a potential consolidation or regression.
In summary, JPMorgan’s combination of strong earnings, a positive technical setup, and resilient fundamentals make it a stock to watch in the coming weeks. While geopolitical uncertainties and potential market volatility remain risks, the bank’s performance in this quarter positions it as a leader in the financial sector.
JPM to $216 from $204MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channel (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Impulse MACD is down
In at $204
Target is $216 or channel top
JPM JPMorgan Chase Options Ahead of EarningsIf you haven`t bought the dip on JPM:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JP Morgan priced in goldNot many are watching this...
Incoming "capital rotation event" tidal wave!
#silver #gold #banks
Time to short, 198.9I got a short signal from my weekly screener.
Using 2 different fibonacci levents for targets, one is long run, other one is short term.
TP1 198.9
TP2 193.94
TP3 188.76
SL close if candle close above 207.36
Thoughts?
JP Morgan Chase Exhibiting Signs of a Continuation to the UpsideUpcoming Earnings:
JP Morgan Chase & Co. (ticker: JPM) is scheduled to report earnings before the market opens on 11 October. The consensus earnings per share (EPS) estimate for the fiscal quarter ending September 2024 is US$4.04. The reported EPS for the same quarter a year prior was US$4.33.
Upside Strength; Price Rebounding from Ichimoku Cloud
Basic chart analysis shows that the stock is in an uptrend, displayed through price trading above the 200-day simple moving average (white at US$194.91), structural higher highs and higher lows, and a rising Average Directional Index (ADX) indicator. Traders typically look for the ADX to climb above 25 to reflect strength in the trend.
You will also see from the Ichimoku Indicator that the Ichimoku Cloud – formed by the Leading Span A at US$210.85 (green) and the Leading Span B (orange) at US$208.19 – has buyers and sellers battling for position within its limits. As of writing, the Leading Span A is above the Leading Span B, a bullish signal. However, Ichimoku traders will likely be cautious at current levels because the Ichimoku Conversion Line (blue at US$208.65) recently crossed below the Base Line (red at US$213.05), a bearish signal. Therefore, a crossover here back to the upside could trigger stronger commitment from bulls in this market (this is a confirmation signal that traders commonly employ for longs out of the Ichimoku Cloud). Another bullish confirmation signal often used is price crossing above the Base Line.
Price Direction?
As of current price levels, buyers are unlikely to commit. However, a price close above the Ichimoku Base line could attract bulls, with the Conversion Line crossing above the Base Line likely to fuel further buying and challenge all-time highs of US$225.48.
JPM Stock:3 Powerful Examples Of This 3 Step StrategyTrading is a challenge for me
It's really not predictable
but with the right rocket booster strategy
for The following stocks:
NYSE:WFC
NYSE:JPM
the other one is in the video so watch it now...
you can make good trades.
In this video, i show you two extra examples of the rocket booster strategy
watch it right now to learn more
Also rocket boost this content o to learn more.
Thank you.
Disclaimer: Trading is risky you will lose money
whether you like it or not
please learn risk management and profit-taking strategies.
JPM Stock: 3 Steps Rocket Booster Strategy (Learn More)Am really tired because am working on writing project.Almost every morning I wake up to punching in words.
The writing formula I have but working it is very mentally hard.Maybe it's because I have recently learned
How to do it.
Learning a new strategy takes time no matter how simple.One day you will get it and look back and appreciate the effort
You put in when no one was looking or keeping you accountable.
The 🚀 Rocket booster strategy is a technical analysis tool meant to show you when a price is in an uptrend.
It's used for trend analysis.
It's a common tool in trading and is used to show beginners how to read trends.
So this is the strategy:
👉The price has to be above the 50 EMA
👉The price has to be above the 200 EMA
👉The price should "Gap" up
-
If you notice these 3 Steps on this Chart NYSE:JPM
It's showing you a Buy signal.
-
Rocket boost this content to learn more
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⚠️ Disclaimer: Trading is risky you will lose money wether you like it or not please Learn About Risk Management And Profit Taking Strategies.
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way.
First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level.
In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle.
It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
$JPM 65m Analysis (Continuation)What's up everyone, I'm back with some quick update on $JPM.
Quick fact: The 65-minute chart has 6 evenly sized candles (65 x 6 = 390, amt of mins per day).
Based on our previous analysis:
- NYSE:JPM has bounced off the 0.618 bullish Fibonacci on the 65-minute chart at $204.11
- Price Target of $225.48 at 0.0 (assuming we continue the bullish trend)
- Stop Loss of $194.36 at the 0.9 bullish Fibonacci
The price is currently up 2% from when we first analyzed the stock and 3.85% from the last time it touched 0.618.
If you're in the play, stay the course, move your stop loss to 0.5 Fibonacci if you want to decrease your risk. If not, hold on.
I'm not in the play.
