Buy JP Morgan Chase | NYSE – JPM | Short Term Trading Advice | Finance Sector | 17th Jul 2024 | Expected Gain 5% – 6%

Date

17 July 2024

Analysed By

Arijit Banerjee

Stock Market

NYSE, United States of America

Stoploss reached. Trade closed.

NYSE JPM

11 days

2 Aug 2024

17 Jul 2024

Loss per
100,000 USD

11 days

-1,914

Stop-loss

2 Aug 2024

205

Buy Advice

17 Jul 2024

209 – 212

Target 1

222

Target 2

225

Profit per
100,000 USD

-1,914

205

209 – 212

222

225

Trading Signals in US Stocks

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

JP Morgan Chase

209 – 212

222 – 225

Below 205

5% – 6%

14 - 15 Days

Buy JP Morgan Chase

Buy
Range 209 – 212

Target 222 – 225

Stoploss Below 205

Upside
Potential 5% – 6%

Trade
Duration 14 - 15 Days

* Once the first target hit, reset the StopLoss at your buying price.

* Trade durations are approximate; actual holding period may vary.

JP Morgan Chase (NYSE: JPM) - Stock Overview

NYSE code

Stock Name

Sector

52 Weeks High

52 Weeks Low

JPM

JP Morgan Chase

Finance

213.74

135.19

NYSE code JPM

Stock Name JP Morgan Chase

Sector Finance

52 Weeks High 213.74

52 Weeks Low 135.19

Company profile

JPMorgan Chase & Co. operates as a financial holding company with four main segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The CCB segment serves consumers and small businesses through various channels, while the CIB segment offers investment banking and market services to a global client base. The CB segment provides financial solutions to different client segments, and the AWM segment focuses on investment and wealth management.

JP Morgan Chase (NYSE: JPM) vs NYSE - Relative Strength Comparison

The image showcases JP Morgan Chase's 1-year performance relative to NYSE. — Relative Performance - Last 1 Year
JPM — NYSE —

JP Morgan Chase (NYSE: JPM) - Technical Analysis (Daily)

JP Morgan Chase - Technical Analysis chart on Daily Price and Volume

Following a period of decline, the price surged above its channel and embarked on an upward trajectory.
An intriguing sequence of bullish chart patterns emerged on the chart, starting with an Ascending Triangle formation after a brief upward movement.
Subsequently, the stock broke out of the triangle pattern and paused to create an Inverted Head & Shoulders pattern.
After another breakout, the price established a Rounding Bottom pattern, signalling a continuation of the trend.
Most recently, the stock breached the neckline of the Rounding Bottom and is now attempting to push higher.

JP Morgan Chase (NYSE: JPM) - RSI Indicator

JP Morgan Chase stock analysis based on RSI indicator — JP Morgan Chase - RSI indicator

Current RSI of this stock is 68.19, which indicates the strength of buyers.

JP Morgan Chase (NYSE: JPM) - MACD Indicator

JP Morgan Chase stock analysis based on MACD indicator — JP Morgan Chase - MACD indicator

MACD line has crossed the signal line from the below, generates bullish signal.

JP Morgan Chase (NYSE: JPM) - EMA Crossover

JP Morgan Chase stock analysis based on EMA Crossover — JP Morgan Chase - EMA Crossover

The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.