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JP Morgan Technical Analysis - JP Morgan Trading: 2023-01-13
JP Morgan Technical Analysis Summary
Above 140.8
Buy Stop
Below 133.65
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
JP Morgan Chart Analysis
JP Morgan Technical Analysis
The technical analysis of the JPMorgan stock price chart on daily timeframe shows #S-JPM, Daily is rebounding above the 200-day moving average MA(200) which has leveled off. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 140.8. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 133.65. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (133.65) without reaching the order (140.8), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - JP Morgan
JPMorgan stock bias is bullish ahead of quarterly results that are expected to show earnings fell in Q4. Will the JPMorgan stock price continue advancing?
JP Morgan quarterly report is among major US bank reports opening the Q4 earnings season today. Analysts’ forecasts are predicting JP Morgan has benefited from rising interest rates: its net interest margin — the difference between the money it earns on loans and the amount it pays on deposits — probably increased for the fifth straight quarter. However Visible Alpha estimates the bank will report today that its net income fell 8% to $9.1 billion due partially to $2.2 billion in credit-loss provision that Visible Alpha projects the bank will reveal. At the same time the largest US bank is expected to report a revenue growth of 15% to $34.9 billion, up from a revenue of $30.4 billion in the same quarter a year ago. Rising revenue is bullish for a company stock price.
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