JP Morgan Came Into Today Down -0.61%

The Daily View for JP Morgan

  • At the moment, JPM’s price is down $-0.49 (-0.32%) from the day prior.
  • The daily chart shows that JP Morgan has seen 2 straight down days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on JP Morgan. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

JP Morgan’s hourly price chart is shown below.

JPM

The Daily View for JP Morgan

  • At the time of this writing, JPM’s price is down $-0.94 (-0.61%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of JP Morgan.

JPM

Featured JP Morgan Commentary From Twitter

Price Raises, Cuts, Reiterations, Maintains
$AAPL PT raised to $160 Overweight @ WFC
$COIN pt $600 @ Monness Crespi int Buy
$EXPE pt raised to $237 @ Truist
$HD price target raised to $330 from $285 @ JPM
$LBPS ‘Top Pick for 2021’ @ ChardanNA

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