JP Morgan Closed Yesterday Up 0.96%

The Daily View for JP Morgan

  • Currently, JPM’s price is up $0.44 (0.3%) from the day prior.
  • The daily chart shows that JP Morgan has seen 2 straight up 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 20 day moving average has been crossed, so that price is now turning above it. 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 moment, JPM’s price is up $1.41 (0.96%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • 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

$AMZN PT raise To $4400 @ JPM w/ Overweight rating
$ANTM PT raised to $425 from $375 @ Barclays
$CMG PT raised to $1,530 from $1,450 @ Barclays
$FB: Jefferies raises PT to $360 from $350
$GOOGL: Jefferies raises PT to $2,700 from $2,400NA

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