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JPMorgan Chase & Co (Extended Hours)

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JP Morgan: Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NYSE:JPMShort
by KlejdiCuni
3
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart. In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market. Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows. NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
JPMorgan Chase Faces Potential ReversalJPMorgan Chase hit a record high on Monday morning but failed to hold. Now some traders may worry about a potentially bearish reversal. The first pattern on today’s chart is the high-volume drop on May 20, which erased the previous seven sessions of gains. That could be interpreted as a false breakout. (Bearish outside candles also appeared on both the daily and weekly charts.) JPM next tried to rebound but stalled near $201. That matches April’s monthly peak and the 50 percent retracement of the drop. Those points may confirm price action is getting less positive. Third is the rising trendline along the lows of April and early May. If this line fails, will traders next brace for a potential retest of last month’s support? Finally, the drop occurred amid the megabank’s 2024 Investor Day. The event had some potential negatives, like CEO Jamie Dimon saying the company will wait for lower prices before buying back stock. CFO Jeremy Barnum also suggested profitability could weaken later this year. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:JPM
by TradeStation
JP Morgan : Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NYSE:JPMShort
by KlejdiCuni
JP Morgan Chase & Co. Hitting The Top The JPMorgan Chase CEO's WSJ was interviewed recently with Wall Street Journal Editor-in-Chief Emma Tucker, for a range of topics. JPMorgan Chase & Co. Chief Executive Jamie Dimon ranked geopolitics as his top worry and said he's less optimistic about a soft landing than Wall Street in an interview on Thursday. While Wall Street seems to be betting of a roughly 70% chance of avoiding a recession in a so-called soft landing in the economy, Dimon said he sees the odds about half that. The green economy, the remilitarization of the world, fiscal deficits and geopolitics are all factors that could keep inflation higher for longer, he said. "When I look at the range of possible outcomes, you can have that soft landing," Dimon said. "I'm a little more worried it may not be so soft and inflation may not quite go away as people expect. I'm not talking about this year - I'm talking about 2025 or 2026." While the economy continues to do well for the majority of Americans due to low employment, rising home values and stronger stock prices, the threat of slow growth and inflation - stagflation - from roughly 45 to 50 years ago could return. "It looks a little bit like the 70s to me," Dimon said. "Things looked pretty rosy in 1972. They were not rosy in 1973. Don't get lulled into a false sense of security." Dimon said he has "enormous respect" for Jerome Powell when asked whether the Fed chairman is doing a good job as the central bank signals that it's not in a hurry to cut interest rates. "I think the Fed was probably late in raising rates," Dimon said. "They caught up. They're probably right in watching right now. We don't know what's going to happen. They might as well wait." Dimon declined to state a preference in presidential candidates and said the bank would work with whomever is in the White House. Biden's economic policies are working "partially," he said, party due to the huge amounts of economic stimulus such as the Bipartisan infrastructure bill, which Dimon praised. But the bottom 20% of wage earners in the U.S. continues to struggle. "If you go to rural America, or inner cities, I'm not sure they feel they're being lifted up by this economy," he said. He avoids social media but said he pulls up popular destinations such as TikTok once a year to see what's happening on them. "I am not a fanatic on the phone....I think people should spend a little less time on that and a little more time thinking," Dimon said. "I'm not on any social media." In technical terms, JPMorgan Chase's stock (JPM) has risen 14.43% so far in 2024 (compared to a 7.48% gain by the S&P500), hit the Upper side of Long-Term upside channel near $200 per share, able to further technical declines.
NYSE:JPM
by Pandorra
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.
NYSE:JPMShort
by DEXWireNews
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.
NYSE:JPM
by AxiomEx
2
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.
NYSE:JPM
by Exness_Official