JPMORGAN CHASE & CO (JPM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JPM - US46625H1005 - Common Stock
We assign a technical rating of 1 out of 10 to JPM. JPM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month JPM has a been trading in the 301.86 - 337.25 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- JPM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JPM is lagging the market slightly.
- JPM has an average volume of 9906050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, JPM turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- JPM is an average performer in the Banks industry, it outperforms 48% of 383 stocks in the same industry.
The technical rating of JPM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
202.28
We found 5 important support areas.
- A support zone ranging from 292.91 to 296.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @286.94 from a horizontal line in the daily time frame.
- Support @232.92 from a trend line in the weekly time frame.
- Support @223.65 from a trend line in the weekly time frame.
- Support @204.32 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @303.17 from a trend line in the daily time frame.
- A resistance zone ranging from 313.42 to 322.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @334.62 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for JPM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JPM is down. |
| ChartMill Relative Strength | 68.96 | NEUTRAL | JPM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JPM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JPM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JPM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.67 | NEUTRAL | The RSI value for JPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.13 | NEGATIVE | The MACD value suggests JPM has a negative trend. |
| Stochastics (14,3) | 10.99 | OVERSOLD | The low Stochastics value suggests JPM may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for JPM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for JPM suggests a weak or negative trend. |
302.74
-9.73 (-3.11%)
JPMORGAN CHASE & CO / JPM FAQ
What is the technical rating for JPM stock?
ChartMill assigns a technical rating of 1 / 10 to JPM.
What is the trend direction for JPM stock?
The current trend direction for JPMORGAN CHASE & CO (JPM) is Bearish.
Can you provide the RSI signal for JPMORGAN CHASE & CO?
JPMORGAN CHASE & CO (JPM) has an RSI value of 36.6665. This indicates that the stock is currently neutral.
What is the MACD signal for JPM stock?
The MACD indicator for JPMORGAN CHASE & CO (JPM) has a value of -3.13257, indicating a bearish trend.
What is the support and resistance level for JPM stock?
JPMORGAN CHASE & CO (JPM) has a support level at 296 and a resistance level at 303.17. Check the full technical report for our detailed analysis of JPM support and resistance levels.