JP Morgan (JPM) Closes Prior Hour Down -0.49%; Moves Up For the 2nd Consecutive Day

The Hourly View for JPM

Last Updated September 15, 2020, 23:14 GMT

Currently, JPM’s price is down $-1.39 (-1.35%) from the hour prior. JPM has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 hour timeframes. Of note is that the 20 hour changed directions on JPM; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Jpmorgan Chase & Co Daily Price Recap

Jpmorgan Chase & Co closed yesterday up 1.39% ($1.4); this denotes the 2nd consecutive day an increase has occurred. As for how volume fared, yesterday’s volume was up 38.03% from the previous day (Sunday), and up 31.59% from Monday of the week before. Here is a daily price chart of Jpmorgan Chase & Co.

JPM

Jpmorgan Chase & Co Technical Analysis

For another vantage point, consider that Jpmorgan Chase & Co’s price has gone up 16 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to JPM:

    $JPM I was holding $105 Oct calls but after today, I cut my losses and got out. Luckily made some money on $C a few weeks back but banks are a tough area to be in and will take patience. Unfortunately my calls have none. They will have their day, just not today.

    derrdavid