JP Morgan Came Into Today Down -1.03%

The Daily View for JP Morgan

  • At the moment, JPM’s price is up $0.03 (0.02%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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 $-1.55 (-1.03%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Of note is that the 20 day changed directions on JPM; it is now pointing down. 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 Idea From TradingView

Below is a trading comment entitled Watch for JPM dip to $142 you may find interesting:

Full disclosure…I believe that JPM’s recovery from the COVID crash occurred for 1 of 2 reasons, maybe both: 1) They’re too good at making money (or not losing it).2) They’re cheating.There are two concerning trends that I would like to point out with this analysis.I’m more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long.The news regarding the soccer super league that would be financed by JPM is a big re…

kambach