JP MORGAN CHASE & CO. - Daily - Technical analysis published on 10/11/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above
My targets
()
()
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 . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JP MORGAN CHASE & CO. rating 223.90 USD. The price has increased by +5.20% since the last closing and was between 215.16 USD and 224.63 USD. This implies that the price is at +4.06% from its lowest and at -0.32% from its highest.215.16
224.63
223.90
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by JP MORGAN CHASE & CO.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of JP MORGAN CHASE & CO. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 202.75 | 215.55 | 223.43 | 223.90 |
| Change (%) | -9.45% | -3.73% | -0.21% | - |
| Change | -21.15 | -8.35 | -0.47 | - |
| Level | Major | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.93 | 209.70 | 211.27 | 213.04 | 214.61 | 216.38 | 217.95 |
| Camarilla | 211.92 | 212.23 | 212.53 | 212.84 | 213.15 | 213.45 | 213.76 |
| Woodie | 207.83 | 209.65 | 211.17 | 212.99 | 214.51 | 216.33 | 217.85 |
| Fibonacci | 209.70 | 210.98 | 211.76 | 213.04 | 214.32 | 215.10 | 216.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 197.09 | 200.09 | 205.66 | 208.66 | 214.23 | 217.23 | 222.80 |
| Camarilla | 208.86 | 209.65 | 210.43 | 211.22 | 212.01 | 212.79 | 213.58 |
| Woodie | 198.37 | 200.73 | 206.94 | 209.30 | 215.51 | 217.87 | 224.08 |
| Fibonacci | 200.09 | 203.37 | 205.39 | 208.66 | 211.94 | 213.96 | 217.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.06 | 187.23 | 198.40 | 210.57 | 221.74 | 233.91 | 245.08 |
| Camarilla | 203.16 | 205.30 | 207.44 | 209.58 | 211.72 | 213.86 | 216.00 |
| Woodie | 174.57 | 186.98 | 197.91 | 210.32 | 221.25 | 233.66 | 244.59 |
| Fibonacci | 187.23 | 196.14 | 201.65 | 210.57 | 219.48 | 224.99 | 233.91 |
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): | 69.77 | |
| MACD (12,26,9): | 1.3500 | |
| Directional Movement: | 19.49 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 212.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 204.99 | |
| Elder Ray (13): | 7.84 | |
| Super Trend (3,10): | 205.33 | |
| Zig ZAG (10): | 223.93 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 90.93 | |
| TEMA (21): | 213.59 | |
| Williams %R (14): | -3.55 | |
| Chande Momentum Oscillator (20): | 14.96 | |
| Repulse (5,40,3): | 5.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 4.42 |
| MA7: | 212.43 | |
| MA20: | 209.77 | |
| MA50: | 210.18 | |
| MA100: | 205.78 | |
| MAexp7: | 214.13 | |
| MAexp20: | 211.25 | |
| MAexp50: | 209.59 | |
| MAexp100: | 204.68 | |
| Price / MA7: | +5.40% | |
| Price / MA20: | +6.74% | |
| Price / MA50: | +6.53% | |
| Price / MA100: | +8.81% | |
| Price / MAexp7: | +4.56% | |
| Price / MAexp20: | +5.99% | |
| Price / MAexp50: | +6.83% | |
| Price / MAexp100: | +9.39% |
Quotes :
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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:
- J.P. Morgan Asset Management Hires Justin Heller to Join Net Lease Strategy for Real Estate Americas
- J.P. Morgan Asset Management Enhances Morgan Money with Expanded Access to Diverse Asset Classes
- EQS-News: Stabilisation Notice
- EQS-News: JPMorgan ETFs (Ireland) ICAV: Dividend Declaration
- J.P. Morgan Asset Management Launches New Active ETF: JPMorgan Dividend Leaders ETF (JDIV)
This member declared not having a position on this financial instrument or a related financial instrument.
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