JPMORGAN CHASE & CO (JPM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JPM - US46625H1005 - Common Stock
We assign a technical rating of 8 out of 10 to JPM. In the last year, JPM was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, JPM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 316.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 307.70, a Stop Loss order could be placed below this zone.
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202.28
5 important support areas can be observed.
- A support zone ranging from 292.91 to 307.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @286.94 from a horizontal line in the daily time frame.
- Support @229.15 from a trend line in the weekly time frame.
- Support @221.42 from a trend line in the weekly time frame.
- Support @204.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 316.06 to 320.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for JPM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JPM is up. |
| ChartMill Relative Strength | 82.21 | POSITIVE | JPM has a high relative strength, it outperformed 82.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JPM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of JPM is above 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) | 53.27 | NEUTRAL | The RSI value for JPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests JPM has a positive trend. |
| Stochastics (14,3) | 57.98 | NEUTRAL | The Stochastics value for JPM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for JPM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.72 | NEGATIVE | The low ADX value for JPM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 320.43 | 292.80 | 27.63 (8.62%) | 11.60% |
| An entry @320.43. This is a Buy Stop order right above the resistance zone. | An exit @292.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 27.63 points, which is 8.62%. | For a 1.00% total portfolio risk, you can invest 11.60% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
308.92
-4.16 (-1.33%)
JPMORGAN CHASE & CO / JPM FAQ
What is the technical rating for JPM stock?
ChartMill assigns a technical rating of 8 / 10 to JPM.
Can you provide the trend direction for JPMORGAN CHASE & CO?
The current trend direction for JPMORGAN CHASE & CO (JPM) is Bullish.
Can you provide the RSI signal for JPMORGAN CHASE & CO?
JPMORGAN CHASE & CO (JPM) has an RSI value of 53.2729. This indicates that the stock is currently neutral.
What is the MACD signal for JPMORGAN CHASE & CO (JPM) stock?
The MACD indicator for JPMORGAN CHASE & CO (JPM) has a value of 0.342722, indicating a bearish trend.
What are the support and resistance levels for JPMORGAN CHASE & CO (JPM) stock?
JPMORGAN CHASE & CO (JPM) has a support level at 307.7 and a resistance level at 316.06. Check the full technical report for our detailed analysis of JPM support and resistance levels.