JP MORGAN CHASE & CO. - Daily - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 215.55 USD
My targets
221.74 USD (+0.12%)
233.91 USD (+5.61%)
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 215.55 USD. The buyers' bullish objective is set at 221.74 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 233.91 USD. If there is any crossing, the next objective would be the resistance located at 245.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The JP MORGAN CHASE & CO. rating is 221.48 USD. The price is lower by -0.36% since the last closing and was between 218.88 USD and 223.70 USD. This implies that the price is at +1.19% from its lowest and at -0.99% from its highest.218.88
223.70
221.48
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a 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 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 177.99 | 202.94 | 215.55 | 221.48 | 223.43 |
Change (%) | -19.64% | -8.37% | -2.68% | - | +0.88% |
Change | -43.49 | -18.54 | -5.93 | - | +1.95 |
Level | Minor | Major | Intermediate | - | Major |
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 | 214.19 | 216.53 | 219.01 | 221.35 | 223.83 | 226.17 | 228.65 |
Camarilla | 220.16 | 220.60 | 221.04 | 221.48 | 221.92 | 222.36 | 222.81 |
Woodie | 214.25 | 216.57 | 219.07 | 221.39 | 223.89 | 226.21 | 228.71 |
Fibonacci | 216.53 | 218.38 | 219.51 | 221.35 | 223.20 | 224.33 | 226.17 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 195.99 | 202.18 | 212.24 | 218.43 | 228.49 | 234.68 | 244.74 |
Camarilla | 217.82 | 219.31 | 220.80 | 222.29 | 223.78 | 225.27 | 226.76 |
Woodie | 197.92 | 203.15 | 214.17 | 219.40 | 230.42 | 235.65 | 246.67 |
Fibonacci | 202.18 | 208.39 | 212.23 | 218.43 | 224.64 | 228.48 | 234.68 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 66.57 | |
MACD (12,26,9): | 1.8800 | |
Directional Movement: | 18.06 | |
AROON (14): | 42.86 | |
DEMA (21): | 213.84 | |
Parabolic SAR (0,02-0,02-0,2): | 207.35 | |
Elder Ray (13): | 8.10 | |
Super Trend (3,10): | 206.74 | |
Zig ZAG (10): | 221.48 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 85.89 | |
TEMA (21): | 215.50 | |
Williams %R (14): | -14.63 | |
Chande Momentum Oscillator (20): | 12.98 | |
Repulse (5,40,3): | 2.3900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 5.60 |
MA7: | 214.70 | |
MA20: | 210.43 | |
MA50: | 210.61 | |
MA100: | 206.00 | |
MAexp7: | 215.68 | |
MAexp20: | 212.07 | |
MAexp50: | 210.00 | |
MAexp100: | 204.97 | |
Price / MA7: | +3.16% | |
Price / MA20: | +5.25% | |
Price / MA50: | +5.16% | |
Price / MA100: | +7.51% | |
Price / MAexp7: | +2.69% | |
Price / MAexp20: | +4.44% | |
Price / MAexp50: | +5.47% | |
Price / MAexp100: | +8.05% |
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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