JP MORGAN CHASE & CO. - 1H - Technical analysis published on 04/02/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 190.49 USD
My targets
200.47 USD (+0.79%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JP MORGAN CHASE & CO. as long as the price remains well above 190.49 USD. The buyers' bullish objective is set at 200.47 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JP MORGAN CHASE & CO. rating is 198.89 USD. The price registered a decrease of -0.03% on the session and was between 198.08 USD and 199.78 USD. This implies that the price is at +0.41% from its lowest and at -0.45% from its highest.198.08
199.78
198.89
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JP MORGAN CHASE & CO. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 182.24 | 187.97 | 190.49 | 198.89 | 200.47 |
| Change (%) | -8.37% | -5.49% | -4.22% | - | +0.79% |
| Change | -16.65 | -10.92 | -8.40 | - | +1.58 |
| Level | Minor | Major | Minor | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.66 | 197.11 | 198.03 | 199.48 | 200.40 | 201.85 | 202.77 |
| Camarilla | 198.29 | 198.51 | 198.72 | 198.94 | 199.16 | 199.38 | 199.59 |
| Woodie | 195.39 | 196.98 | 197.76 | 199.35 | 200.13 | 201.72 | 202.50 |
| Fibonacci | 197.11 | 198.02 | 198.58 | 199.48 | 200.39 | 200.95 | 201.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.34 | 191.70 | 196.00 | 198.36 | 202.66 | 205.02 | 209.32 |
| Camarilla | 198.47 | 199.08 | 199.69 | 200.30 | 200.91 | 201.52 | 202.13 |
| Woodie | 190.31 | 192.19 | 196.97 | 198.85 | 203.63 | 205.51 | 210.29 |
| Fibonacci | 191.70 | 194.24 | 195.82 | 198.36 | 200.90 | 202.48 | 205.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.02 | 178.65 | 189.47 | 195.10 | 205.92 | 211.55 | 222.37 |
| Camarilla | 195.78 | 197.28 | 198.79 | 200.30 | 201.81 | 203.32 | 204.82 |
| Woodie | 175.63 | 179.95 | 192.08 | 196.40 | 208.53 | 212.85 | 224.98 |
| Fibonacci | 178.65 | 184.93 | 188.81 | 195.10 | 201.38 | 205.26 | 211.55 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.41 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | 3.10 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 199.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 199.55 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 198.08 | |
| Zig ZAG (10): | 198.89 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 21.15 | |
| TEMA (21): | 199.02 | |
| Williams %R (14): | -70.98 | |
| Chande Momentum Oscillator (20): | -1.16 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.92 |
| MA7: | 197.83 | |
| MA20: | 193.42 | |
| MA50: | 183.84 | |
| MA100: | 171.94 | |
| MAexp7: | 198.85 | |
| MAexp20: | 198.80 | |
| MAexp50: | 197.65 | |
| MAexp100: | 195.24 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +2.83% | |
| Price / MA50: | +8.19% | |
| Price / MA100: | +15.67% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +1.87% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The latest news and videos published on JP MORGAN CHASE & CO. at the time of the analysis were as follows:
- DICK'S Sporting Goods Announces Participation in the J.P. Morgan 10th Annual Retail Round Up
- FOOT LOCKER, INC. TO PRESENT AT THE J.P. MORGAN 10TH ANNUAL RETAIL ROUND UP CONFERENCE
- EQS-News: Update to Supplements
- ETF Veteran Jon Maier Joins J.P. Morgan Asset Management
- EQS-News: Dividend Declaration
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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