JPMORGAN CHASE & CO (JPM) Stock Technical Analysis
NYSE:JPM - New York Stock Exchange, Inc. - US46625H1005 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to JPM. Both in the recent history as in the last year, JPM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that JPM is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by JPM over the past year are nicely spread over this period.
JPM is part of the Banks industry. There are 393 other stocks in this industry. JPM outperforms 89% of them.
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.
In the last month JPM has a been trading in the 283.01 - 301.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
JPM has an average volume of 8726040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, JPM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 288.75, a Stop Loss order could be placed below this zone.
More info and screens
202.28
302.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 281.29 to 288.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @229.18 from a trend line in the weekly time frame.
- Support @220.52 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 292.45 to 299.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for JPM is neutral. |
| ChartMill Relative Strength | 84.51 | POSITIVE | JPM has a high relative strength, it outperformed 84.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JPM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JPM is above the rising 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) | 50.03 | NEUTRAL | The RSI value for JPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.56 | NEGATIVE | The MACD value suggests JPM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.52 | NEUTRAL | The Stochastics value for JPM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for JPM suggests low volalility. |
| Average Directional Index/ADX (14) | 25.06 | POSITIVE | The high ADX value value for JPM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 292.46 | 284.23 | 8.23 (2.82%) | 25.00% |
| An entry @292.46. This is a Buy Stop order right above the 10 day moving average. | An exit @284.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.23 points, which is 2.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- 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.
289.56
+0.8 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.28%
1 Week-1.6%
2 Weeks-2.92%
1 Month0.3%
3 Month8.22%
6 Month4.69%
12 Month35.33%
2 Year97.88%
3 Year154.6%
5 Year189.01%
10 Year351.73%
15 Year696.37%
Volatility
ATR(14)5.24
ATR(20)%1.84%
ATR Inc-12.13%
Range Today2.54
ADR(20)5
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.51
Mansfield0.7
10 Day High301.29
10 Day Low284.24
20 Day High301.29
20 Day Low283.01
52 Week High301.29
52 Week Low200.61
CS1 End288.75
CR1 Start292.45
Volume & EV
DER(3)-0.87%
DER(5)-0.03%
Volume5.51M
Volume Incr-26.86%
Vol(5)6.74M
Vol(50)8.73M