JP Morgan Chase (NYSE: JPM) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 209 – 212 |
Target | 222 – 225 |
StopLoss* | below 205 |
Duration | 14-15 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 209 – 212 | 222 – 225 | below 205 | 14-15 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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JP Morgan Chase (NYSE: JPM) STOCK OVERVIEW
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.
Stock Data | |
NYSE Symbol | JPM |
Sectoral Index | Finance |
52 Weeks High | 213.74 |
52 Weeks Low | 135.19 |
JP Morgan Chase (NYSE: JPM) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
JP Morgan Chase — NYSE —
JP Morgan Chase (NYSE: JPM) - DAILY TECHNICAL ANALYSIS
- 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
- Current RSI of this stock is 68.19, which indicates the strength of buyers.
JP Morgan Chase (NYSE: JPM) - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
JP Morgan Chase (NYSE: JPM) - EMA Cross
- 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.
CONCLUSION - JP Morgan Chase (NYSE: JPM) STOCK PRICE FORECAST
Based on our stock trading advice in USA, JP Morgan Chase stock price target will be USD 222 – USD 225 in the next 14-15 trading sessions.