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#202427 - priceactiontds - weekly update - JPMGood Day and I hope you are well. JP Morgan / NYSE:JPM comment: Clear bull wedge, which means buyers at new highs taking profits and since it's the third push up, the probability of a two legged correction breaking below the wedge is decent. Market touched the weekly 20ema 2 times over the past 3 months and the third time will probably happen soon. We also have a decent rejection at 210, which gives you even better odds for a short. I do think longer term shorts can work well, if you can hold 4-6 months until price reaches 185ish. Quicker short for 195, which is the most recent breakout price, is the safer play obviously. Once market hits the C target, I expect a lower high and then some stronger down move to below 190 over the next 6-12 months. current market cycle: Bull trend which transitions into a trading range. key levels: 190 - 210 bull case: Bulls see this recent bull trend inside the wedge as strong enough for a third leg. A measured move from W3 would lead to 220. For that to happen they want to stay inside the tight bull channel and turn the market around here quickly. I do think if it drops below 200, that bull trend is over and the high is in or at least a double top would not exceed it by more than 1-3$. Bull Invalidation is below 200. bear case: Bears want to keep the upper wedge line as resistance and test back down to the lower one around 196ish. They sold the previous highs for a 10% and a 7% drop. 10% down would bring us to 190, which is suprisingly around the weekly 20ema. Coincidences or math? You decide for yourself. Bear Invalidation is above 215. short term: bearish - Two legged correction to at least 200 over the next weeks. medium-long term: bearish - Trading range 180-200, since we are at the highs, longer term shorts are reasonable. current swing trade: Short 205, sl 215, tp 200ish or the lower bull wedge line/weekly 20ema Have a good rest of your weekend and talk to you soon. If you enjoy my writings, please leave a boost or follow. Thank you and I wish your trading to be profitable.
NYSE:JPMShort
by priceactiontds
JPMorgan Chase Stock Dip: An Opportunity Amidst the NumbersIn the wake of last week's unexpected setback for JPMorgan Chase's stock, investors are presented with a perplexing narrative. Contrary to expectations, the banking giant refrained from revising its 2024 revenue guidance, leading to a notable 6% drop in share price. Yet, beneath this seemingly negative surface lies a compelling investment opportunity, driven by robust performance metrics and strategic positioning within the financial sector. Despite the initial market reaction, JPMorgan Chase's first-quarter results surpassed expectations, with impressive revenue and per-share profit figures. While the lack of upward revision to net interest income guidance caused temporary turbulence, a deeper analysis reveals several positive indicators supporting a bullish outlook. Notably, JPMorgan Chase has outperformed its competitors in key areas, including loan losses, interest income growth, and revenue diversification. The bank's proactive measures to optimize its balance sheet and enhance fiscal flexibility further underscore its resilience in the face of market challenges. Moreover, the company's solid financial foundation, highlighted by robust return on equity metrics, distinguishes it as a top performer within the industry. Compared to peers, JPMorgan Chase's profitability remains unmatched, reflecting its ability to deliver consistent shareholder value over the long term. While market dynamics and external factors may influence short-term stock movements, the intrinsic strength of JPMorgan Chase as a company remains steadfast. As such, the recent dip in share price presents an attractive entry point for investors seeking exposure to a leading player in the financial sector. In conclusion, JPMorgan Chase stands as a beacon of stability and profitability in an ever-evolving market landscape. The recent downturn in stock price offers investors an opportunity to capitalize on the company's enduring strength and potential for future growth. As always, prudent investors should conduct thorough due diligence and consider their investment objectives before making any decisions.
NYSE:JPMLong
by FOREXN1
1
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart. In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market. Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows. NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
JPMorgan profit rises 6% But stock Plummets by 4.82%Amidst a 6% surge in profit, JPMorgan Chase ( NYSE:JPM ) faces a rocky road ahead as its interest income forecast falls short, resulting in a 4.82% stock plummet. Despite the bank's robust financial performance in the first quarter, JPMorgan's ( NYSE:JPM ) projection for income from interest payments failed to meet analysts' expectations, triggering a dip in its shares. CEO Jamie Dimon's cautious outlook underscores the uncertainties looming over the economic horizon, including global conflicts, inflationary pressures, and quantitative tightening. While the bank anticipates an uptick in net interest income (NII) for the full year, it fell short of market predictions, signaling potential challenges ahead. The dip in share value, however, contrasts analysts' positive sentiments regarding JPMorgan's overall performance in what was described as another "solid" quarter. As the banking giant grapples with economic uncertainties, its succession plans come into focus, with potential successors to Dimon's leadership identified by the board. Amidst speculation about Dimon's future, both within the bank and potentially in a governmental role, the stability and trajectory of JPMorgan remain under scrutiny. Despite the challenges, JPMorgan ( NYSE:JPM ) continues to expand its workforce and navigate evolving market dynamics, demonstrating resilience in a volatile financial landscape. Technical Outlook JPMorgan ( NYSE:JPM ) stock is nosediving toward a new support zone. The Relative Strength Index (RSI) of 36.91 reaffirms the thesis. The stock is trading below the 50-day Moving Average (MA). JPMorgan's ( NYSE:JPM ) 4-month Price chart shows a "Bearish Harami" candlestick pattern.
NYSE:JPMShort
by DEXWireNews
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t bought JPM before the previous earnings: Then analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 170usd strike price in the money Calls with an expiration date of 2024-4-19, for a premium of approximately $28.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:JPMLong
by TopgOptions
JP MORGAN: Expect bullish continuation $225.JP Morgan may be almost overbought on its 1M technical outlook (RSI = 69.738, MACD = 14.790, ADX = 37.379) but as you can see on this chart, this is when the stock tends to make a bullish extension instead of a correction. Especially since the 12 year pattern is a Channel Up and is currently on its fourth Bullish Wave of the structure. All prior bullish sequences have been over +124%, so we have a similar extension target (TP = 225.00) before any medium term correction takes place. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMLong
by InvestingScope
JPMorgan Chase & Co. Surges to New All Time High JPMorgan Chase & Co. has recorded a surge in its all-time high amidst market volatility, currently trading at $200 per share with a Positive Relative Strength Index (RSI) of 72.90. With U.S. stocks experiencing one of their best six-month runs in over a decade, JPMorgan Chase & Co. ( NYSE:JPM ) is at the forefront of this market momentum. The financial giant's upcoming earnings report is expected to set the tone for the banking sector, with investors eagerly awaiting insights into its performance amidst evolving market dynamics. Driven by surging tech stocks and aligned interest rate forecasts with the Federal Reserve's outlook, the current market landscape is optimistic. However, analysts caution that the current rally may face headwinds in the second half of the year, and concerns linger over valuations and the potential impact of higher interest rates. Against this backdrop, JPMorgan's upcoming earnings release holds significance as a barometer of market sentiment and economic health. JPMorgan's upcoming earnings report on April 12th will provide crucial insights into the banking sector's performance. Analysts expect earnings per share (EPS) of $4.21 for the current quarter, indicating a modest increase of 2.7% year-over-year. However, for the current fiscal year, consensus estimates point to a slight decline of 3%, highlighting the challenges faced by financial institutions amidst changing market conditions. Revenue estimates for the current quarter suggest a year-over-year increase of 6.3%, reflecting JPMorgan's resilience in generating top-line growth. The bank's track record of beating EPS estimates in the past four quarters underscores its ability to deliver shareholder value even in a challenging operating environment. As investors assess JPMorgan's valuation, the bank's strategic initiatives in wealth management offer potential avenues for growth. The launch of the Wealth Plan tool underscores JPMorgan's commitment to expanding its reach in wealth management and attracting new investments. With a focus on financial planning and personalized advisory services, the bank aims to capitalize on emerging opportunities in the wealth management space. JPMorgan's earnings report will provide insights into the bank's resilience and adaptability. With a track record of innovation and strategic foresight, JPMorgan ( NYSE:JPM ) remains well-positioned to weather market challenges and deliver long-term value to shareholders. As such, investors eagerly anticipate the bank's financial results and strategic outlook amidst evolving market dynamics.
NYSE:JPMLong
by DEXWireNews
BAC setting up to thrive from rate - cuts LONGBAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see banks including BAC getting a break with more loan originations and less pressure for high payouts on savings accounts which may be the capital sources of those loans. I see this a an opportunity here and now to take long positions before those hypothetical cuts get baked into the price. The same may go for WFC, JPM, GS and others. My first target is 44 at the " neckline" of the 3,4Q21 triple top.
NYSE:BACLong
by AwesomeAvani
JP MORGAN -15% correction very likely.JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction. As you can see, every Higher High rejection (two so far on that pattern) has corrected by around -15%. As a result, we expect a minimum pull-back, below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line) of -14.77%, giving us a target of 173.00. That would be exactly on the 0.382 Fibonacci retracement level of the last Higher Low of the Channel Up, similar to March 23 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMShort
by TradingShot
1
JPM a financial rockstar in stampede mode LONGJPM on the daily chart has plain and obvious consistent momentum albeit with corrections. The markets are expected to thrive in this lection year and three rate cuts are projected in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest the next best time is now before the forecasted rate cuts are factored into price ahead of the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24 expiration which is not a surprise and is the month of the presidential nominating conventions. That is 10% above current price and suggests the options buyers are expecting price to be in that money by July meaning maybe a target for price is 225-250. No matter, I am getting mine now before the prices rise.
NYSE:JPMLong
by AwesomeAvani
JPM Cup and HandleCurrently, my eyes are focused on couple of stocks with good potential and positive fundamentals following them. The one I am watching for quite some time now is JPM, JP Morgan, one the biggest US banks. JPM with $3.7 trillion in assets at this moment, is the largest US bank, and it has a full 16.3% of the total assets held by all the US commercial banks. This graph provided by Barrons shows how big the JPM truly is. images.barrons.com What to consider in this stock: 1. Due to possibility of additional bank collapse in the US, price may fluctuate more than usual. Always make sure to have an exit point, especially in turmoil times like we are having at the moment. 2. Currently, chart is showing us a potential Cup and Handle formation in making. The Daily level is the one I am focused on at the moment. 3. Some potential price levels I am currently looking: I wouldn't consider buying the stock if it drops bellow the $131.75 level, which was the last support the price of the stock had. 4. Potential buy point, which will be my safe entry zone will be at break of the last resistance zone sitting at $141.10 price level. 5. If the scenario goes as planned, my potential price limit for Take Profit levels will be based on the current moves by the overall market and the stock itself, meaning, I will not have a price range with the TP level. I will just follow along. 6. Most important, my Stop Loss levels will be firmly set to $131.5 price level, sitting just under the 50SMA line and the last wick of the candle which dipped bellow the line itself. As always, I am not financial advisor. I am investor who is putting his money on the markets. Please make sure to do your due diligence and see if this potential scenario will suit your investor needs.
NYSE:JPMLong
by De_Banis
2
Jamie Dimon Divests 150 Million Worth of JPMorgan Chase StockDimon's recent divestment of 821,778 shares of common stock, worth approximately $150 million, underscores a larger strategy unveiled last October. This calculated maneuver, meticulously executed under the guidelines of SEC Rule 10b5-1, demonstrates astute foresight and confidence in the company's trajectory. Despite the divestment, Dimon and his family retain significant ownership, affirming their enduring faith in JPMorgan Chase's ( NYSE:JPM ) potential. The market's response to NYSE:JPM 's performance on February 23, 2024, further solidifies its status as a beacon of stability and growth in the financial sector. Trading near the pinnacle of its 52-week range, the stock's ascent above its 200-day moving average signals sustained momentum and resilience in the face of market fluctuations. With a modest yet notable increase of $1.10 per share, JPMorgan Chase & Co.,( NYSE:JPM ) continues to capture investor interest, bolstered by its robust fundamentals and unwavering commitment to delivering value. JPM's financial prowess is not merely confined to its stock performance; its recent earnings report speaks volumes about its resilience and adaptability. A staggering $239.32 billion in revenue over the past year, coupled with a formidable $62.83 billion in the fourth quarter alone, underscores the company's ability to navigate complex market dynamics with finesse. Net income paints a similarly impressive picture, with $49.26 billion accrued over the past year and $9.26 billion in the fourth quarter, attesting to JPM's enduring profitability and operational efficiency. Earnings per share (EPS) provide a tangible metric of JPMorgan Chase's ( NYSE:JPM ) shareholder value creation, with a commendable $16.23 over the past year and $3.04 in the fourth quarter. These figures not only validate the company's strategic initiatives but also instill confidence in its ability to generate sustainable returns for investors. As the financial landscape continues to evolve, JPMorgan Chase & Co., ( NYSE:JPM ) stands as a paragon of stability, innovation, and strategic foresight. Jamie Dimon's recent divestment, coupled with the company's stellar financial performance, underscores its unwavering commitment to shareholder value and long-term sustainability. For investors seeking exposure to the financial services sector, JPMorgan Chase & Co. ( NYSE:JPM ) remains a compelling choice, poised to capitalize on emerging opportunities and navigate challenges with resilience and poise. In conclusion, amidst strategic maneuvers and robust financial performance, JPMorgan Chase & Co., ( NYSE:JPM ) emerges as a steadfast leader in the global financial arena, poised for continued success and value creation in the years ahead.
NYSE:JPMLong
by DEXWireNews
JPM, SOME UPSIDE AND A WHOLE LOTTA DOWNSIDEJPM might have a bad week? Maybe bad Feb? idk yet, however, from technicals, it seems like after 181 or so, and especially after $210, there isn't much upside showing. Likely meaning, the risk far outweighs the reward at those levels. IT could be big, and it could be fairly quick. if you're shorting, yeah, these are great times to consider entering. The downside shows all the way to $69 (nice) Does that mean enter short right now this minute? nah but be ready because things could really drop quickly in the coming month or so. idk maybe this?
NYSE:JPM
by nicktussing77
Dire warning by $JPM CEO - We've been saying this for some time.Good Morning Update!!!!!!! The real #economy is NOT represented by #equities or other public investments. NYSE:JPM CEO has been vocal on what has been happening but this is his most dire warning in some time. Personally, am shocked this gets air play. --- #yield pumping a bit after "hotter" #inflation than expected reported. 2 things we've been saying for some time!!!!!!! Be in #stocks but, Have Hard assets!!! #gold #BTC #silver Pls see our profile for more info!!!
TVC:US10Y
by ROYAL_OAK_INC
JP Morgan Short off All Time HighWith the stock market making new All Time Highs fresh new opportunities for contrarian trades are going to be somewhat scarce. Thanks to a viewer on my Livestream (every Friday on Tradingview: 4pm EST UTC-5) I was made aware of a short setup I like on NYSE:JPM Context This price action is happening at a test of the past ATH set in November 2021. Last week the Earnings announcement pushed price intraday above the high only to close well below the key Resistance level of the former ATH. This is a false breakout signal or as I like to identify them as: Spikes. The Spike The Spike occurred on Earnings. I have found that false breakouts on earnings have a very high probability of signaling a reversal. The significance value (135% ATR) is within my rules. It took until the following week for price to actually pull back to the proper entry point of the Spike bar's Tenkan Sen value at 172.48. What these factors mean I go over during my Livestream. The Trade How I am expressing this trade is in a combination of short shares and Puts. In choosing my Put strike I look for where I see price going as a target via technical analysis. In this case it would be the 50% Retracement of the bullish trend around 155. For expiration I consider the prior bullish trend that got price up to the high I am reading as a false breakout to enter. I project the time that trend took, add an additional month as a time buffer, and then typically take that expiration. Unfortunately, an option expiring in March as this technique would suggest puts the expiration too close and just before earnings. A note about options and earnings: In the 4 weeks prior to earnings very typically a stock's options will experience a rise in IV (implied volatility). This rise in IV and the Greek Vega can increase the prices of all options often offsetting the value lost to theta time decay. This is a very advantageous condition if a trader is long single options. Therefor, I chose the April expirations to give myself the potential for the IV push. I will likely close the options the day before earnings regardless of where price may be. Options are a coin flip.
NYSE:JPMShort
by norok
1
$JPM Bear Flag at All Time HighNYSE:JPM Bear Flag at All Time High. A bear flag is a technical analysis pattern that typically occurs after a significant downward price movement. It is identified by a rectangular-shaped consolidation, resembling a flag, that slopes against the prevailing trend. The flagpole represents the initial sharp decline, followed by a period of consolidation forming the flag. Traders often interpret the bear flag as a potential continuation pattern, suggesting that the previous downtrend may resume after the consolidation period, leading to further price declines.
NYSE:JPM
by AlgoTradeAlert
JPMorgan's 4Q 2023: Navigating Challenges Amidst Resilience In the intricate dance of finance, JPMorgan's fourth-quarter 2023 results unveil a narrative of resilience, strategic prowess, and a cautious gaze toward potential headwinds. As the behemoth financial institution reported adjusted earnings of $3.97 per share, surpassing expectations, CEO Jamie Dimon's reflections on the U.S. economy's resilience and his cautionary notes create a backdrop for a compelling analysis. The Triumphs: JPMorgan's stellar performance was propelled by a trio of factors – higher interest rates, the transformative First Republic Bank deal, and a moderate improvement in the Investment Banking (IB) segment. The adjusted earnings of $3.97 per share handily outpaced the Zacks Consensus Estimate, revealing a financial powerhouse that knows how to navigate challenges. Strategic Moves: The strategic landscape unfolded with notable achievements. The First Republic Bank deal and higher interest rates were pivotal in supporting Net Interest Income (NII), projected to hit $90 billion in the coming year. Commercial Banking witnessed a surge in average loan balances, while the IB business exhibited a commendable 13% increase in total fees. JPMorgan's calculated market moves showcased its ability to harness opportunities even in a dynamic environment. Economic Caution and Global Uncertainties: However, amidst the triumphs, Jamie Dimon's cautionary remarks echo the realities of the broader economic landscape. Stickier inflation and the geopolitical tensions in Ukraine and the Middle East pose potential threats, emphasizing the need for a vigilant approach. JPMorgan's acknowledgement of these challenges underscores the delicate balance the institution maintains in navigating global uncertainties. Challenges and Concerns: The financial tale is not devoid of challenges. Operating expenses witnessed an uptick, with adjusted non-interest expenses expected to hover around $90 billion. Net income, though robust in most segments, declined by 15%, raising eyebrows amid projections of a potential economic slowdown and reduced loan demand. Financial Metrics Unveiled: The financial metrics paint a comprehensive picture. Net revenues surged by 12% to $38.57 billion, yet fell short of the Zacks Consensus Estimate. NII witnessed a commendable 19% YoY increase to $24.05 billion, fueled by higher rates and revolving balances in Card Services. Non-interest income grew by a modest 1%, but non-interest expenses surged by 29%, partly due to the FDIC special assessment charge and rising compensation expenses.
NYSE:JPMLong
by DEXWireNews
1
JPM Stock Hits All-time HighThis week the reporting season begins — company results for the 4th quarter will certainly become one of the most important drivers of stock index prices, along with the publication of news about inflation, the labor market, and statements from the Federal Reserve. Large banks will traditionally be among the first to report: JP Morgan, Bank of America, Wells Fargo, Citi. The banking sector looks frankly strong at the beginning of 2024. While the S&P-500 is down 1% in the first week, the XLF financial sector fund is holding near the year's opening price. According to MarketWatch, bank stocks are becoming increasingly popular amid expectations of a positive yield curve in the second half of 2024, and analysts have set “buy” ratings on shares of Goldman Sachs, Morgan Stanley and Wells Fargo (WFC). It should be noted that shares of JP Morgan bank set a historical record. The previous high set on October 25, 2021 was USD 172.75 per share. At its peak last Friday, the price reached USD 173.19 per share. The growth of JPM shares is facilitated by the dividend policy: → January 2024: USD 1.05 per share; → January 2023: USD 1.00 per share; → January 2022: USD 1.00 per share; → January 2021: USD 0.90 per share; → January 2020: USD 0.90 per share. JPM data will be published on Friday. Will the price be able to maintain its highs? There are some concerns. From a fundamental point of view, in the current economic environment, with inflation remaining above target and interest rates at high levels, the results for the 4th quarter may disappoint. From a technical standpoint, the JPM price chart shows signs of a bearish reversal: → divergence on the RSI indicator; → potential intersection of MACD curves; → long upper shadows on the last candles show signs of selling pressure. Thus, the market can form a false bullish breakout of the previous high. It is possible that the price of JPM shares, against the backdrop of news about the bank’s activities, may fall closer to the former resistance around USD 159. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:JPM
by FXOpen
3