JP Morgan (JPM) Closes Last Hour Up $0.21; Price Base in Formation Over Past 90 Days

The Hourly View for JPM

Last Updated October 14, 2020, 02:022 GMT

Currently, JPM’s price is down $-0.44 (-0.42%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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 entered today at $100.78, down 1.62% ($1.66) from the day prior. As for how volume fared, yesterday’s volume was up 34.71% from the previous day (Monday), and up 42.55% from Tuesday of the week before. Let’s take a look at the daily price chart of Jpmorgan Chase & Co.

JPM

Jpmorgan Chase & Co Technical Analysis

The first thing we should note is that the current price of Jpmorgan Chase & Co is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about JPM:

    $SPY

    $AMZN looking exhausted with prime day over soon, profit taking will begin

    $AAPL Event over, hype is gone, closed very bearish volume will diminish and so will the buyers

    $JPM ER is an example of how tomorrow's ER will be for wells Fargo, US Bank, and bank of America, which will direct the markets down.

    Finacial and tech sector will end up bringing the markey down this week

    positive_results