Buy JP Morgan Chase | NYSE JPM | Naranj Capital

 BUY   JP Morgan Chase (NYSE: JPM)

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.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

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

JPM-RELATIVE STRENGTH

Relative Performance - Last 1 Year

JP Morgan Chase —     NYSE —

JP Morgan Chase (NYSE: JPM) - DAILY TECHNICAL ANALYSIS

JPM-DAILY TECHNICAL ANALYSIS
JP Morgan Chase (NYSE: JPM) - Technical Analysis (Daily)
  • 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

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

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

JPM-EMA CROSS
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.

JP Morgan Chase (NYSE: JPM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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