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JPM

JPM: Overbought on 1M. Buying becomes risky now.JP Morgan is almost overbought on its 1M technical outlook (RSI = 69.452, MACD = 20.800, ADX = 54.049), trading very close to the top of the 12 year Channel Up. Being overbought on the wider/ longest timeframe available, indicates trend exhastion and a potential bearish reversal. Basically, we continue to use the same pattern that helped us get a strong buy last time and this time it shows that the last two times the 1M RSI was this overbought, the stock pulled back to at least the 0.236 Fibonacci level. Consequently we expect a lengthy but relatively controlled correction to start in the coming candles to test the 0.236 Fib and approach the 1M MA50 (TP = 187.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMShort
by InvestingScope
1
Bank of America Stock Surge on Q3 Earnings BeatBank of America (NYSE: NYSE:BAC ) delivered impressive third-quarter results, showcasing its resilience amid a challenging economic landscape. The bank reported $25.34 billion in revenue, slightly up from $25.17 billion a year earlier and above the analysts' consensus projection of $25.28 billion. Although profit fell to $6.90 billion ($0.81 per share) from $7.8 billion ($0.90 per share) last year, this was still better than the expected drop to $6.45 billion** or $0.75 per share. Key Financial Highlights: - Net Interest Income (NII) was reported at $13.97 billion, down from $14.38 billion a year ago but exceeding the expectation of $13.85 billion. - The bank's trading revenue saw a significant uptick, with fixed income trading revenue rising 8% to $2.9 billion and equities trading jumping 18% to $2 billion. These results come on the heels of similar positive reports from rivals like JPMorgan Chase and Wells Fargo, highlighting a robust start to the big bank earnings season. This broader positive sentiment in the banking sector is likely contributing to a favorable outlook for Bank of America. Technical Analysis As of the time of writing, NYSE:BAC shares are up 1.62%, signaling a bullish trend. The stock has recently rebounded from a consolidation zone, gathering momentum for further upward movement. A key indicator of this bullish sentiment is the Relative Strength Index (RSI), currently hovering around 71, indicating that the stock is entering overbought territory. The stock's performance is further supported by its trading above key moving averages, which traditionally signals a strong bullish trend. Analysts note that this upward momentum, combined with the bank's robust earnings, positions Bank of America (NYSE: NYSE:BAC ) favorably for potential further gains, especially as NII shows signs of recovery. Investment Implications: The current trajectory suggests that Bank of America (NYSE: NYSE:BAC ) is turning a corner in terms of NII, as indicated by analysts like Wells Fargo's Mike Mayo. With the Federal Reserve having recently cut interest rates, analysts believe this should help improve bank earnings moving forward, as lower deposit costs may enhance profitability. Additionally, with a provision for credit losses reported at $1.5 billion, slightly under the estimated $1.57 billion, the bank appears to be managing its risks effectively, further instilling confidence in investors. Conclusion Bank of America's latest earnings report reflects a strong performance amid a dynamic banking environment. The combination of better-than-expected trading results, a recovery in NII, and robust investor sentiment positions NYSE:BAC as a compelling investment opportunity. As the bank continues to navigate the evolving landscape of interest rates and economic conditions, investors may want to keep a close watch on its performance in the upcoming quarters.
NYSE:BACLong
by DEXWireNews
JPMorgan Stock Surges After Q3 Earnings Beat EstimatesJPMorgan Chase & Co. (NYSE: NYSE:JPM ) shares rose nearly 5% on Friday as the bank's Q3 earnings exceeded expectations. JPMorgan (NYSE: NYSE:JPM ), the world’s largest bank by market capitalization, reported a robust revenue of $42.65 billion, surpassing analysts’ expectations of $40.85 billion. This strong performance was driven by growth in net interest income (NII), which increased to $23.41 billion. Earnings Outlook JPMorgan’s solid Q3 results showcased its ability to navigate a challenging macroeconomic environment. The bank posted earnings of $4.37 per share, slightly higher than the $4.33 from a year ago and far ahead of analyst estimates of $3.97. While profits dipped slightly to $12.9 billion from $13.15 billion, the impressive revenue and NII growth were key drivers behind the stock's upward momentum. Despite the recent cut in interest rates by the Federal Reserve, which had impacted net interest margins for many banks, JPMorgan’s core business remained resilient. Rising deposit costs have placed pressure on banks in recent quarters, but the expectation is that lower rates will eventually lower deposit expenses and reignite loan growth. JPMorgan is also well-positioned to benefit from potential future interest rate cuts, which should stimulate investment banking activity and loan demand. CEO Jamie Dimon remains cautious about the global economy, citing geopolitical risks such as the conflicts in Ukraine and the Middle East. These factors, combined with U.S.-China tensions, have prompted the bank to maintain a defensive posture. Nevertheless, JPMorgan's massive scale and global reach have enabled it to weather uncertainty better than most financial institutions. Technical Outlook On the technical side, JPMorgan’s stock is up 4.96% at the time of writing, approaching an overbought region with an RSI of 68.35. This marks a critical juncture, as the stock is nearing its August 30th, 2024, resistance point, a level where it previously dipped after a strong rally. While the possibility of a short-term pullback exists, the current daily price chart shows a bullish harami pattern. This continuation pattern, particularly when preceded by two bullish candles, indicates strong momentum in favor of further gains. The bullish harami pattern, coupled with JPMorgan’s strong earnings performance, suggests that the stock may continue to rise in the near term. However, investors should monitor the NYSE:JPM resistance level closely, as a break above this point could propel the stock toward new highs, while a failure to break through may signal a potential consolidation or regression. In summary, JPMorgan’s combination of strong earnings, a positive technical setup, and resilient fundamentals make it a stock to watch in the coming weeks. While geopolitical uncertainties and potential market volatility remain risks, the bank’s performance in this quarter positions it as a leader in the financial sector.
NYSE:JPMLong
by DEXWireNews
TSLA: 125% gains Best Level to BUY/HOLD 🔸Hello traders, today let's review 4hour price chart for TSLA. Currently a mixed package overall with limited upside potential, I don't recommend entering any buys at current price. 🔸Ongoing accumulation since May 2023, significant lows printed in April 2023 / 2024, so I'm tagging April 2025 as a potential reversal for TSLA / bottom buying near range lows totally makes sense. 🔸Accumulation range defined by range lows at 175 usd and range highs at 255 usd. premium prices below at 145/165 and above at 280 and 305 usd. 🔸Recommended strategy bulls: expecting pullback based on measured move projection set to extend further down towards 175 usd. currently trading at 250 usd, no entries recommended on buy side. This is a trade setup for patient traders. may take more time to develop. conservative target is 350 USD, so +125% gains off the lows. 🔸Finally, check out the TSLA related story below and let me know in the comments section if you'd like to get more updates like this. Don't forget to follow/like/comment, this is much appreciated. Year 2030. Tesla coupe safely lands on Mars. Exploration mission starts in April 2030. ▪️ In this fictional tale in 2030, Tesla founder Elon Musk and his wife Grimes make a historic landing on Mars, marking a new era in space exploration. ▪️ Upon arrival, they establish a settlement called "New Teslaville," aiming to turn it into a sustainable colony for future generations. ▪️ Their first day involves setting up essential infrastructure, including solar panels, an oxygen generator, and a Mars rover. ▪️ The next day, they plant a Tesla flag on Mars, signifying humanity's first successful landing on the red planet. ▪️ On day three, Musk shares a heartfelt message about the importance of space colonization for humanity's survival. ▪️ After a successful first week, they receive a message from Earth, indicating the start of the "New Mars Era" and their status as the first Martian settlers. ▪️ The couple ends their week by enjoying the Martian sunset in a Tesla coupe. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:TSLALong
by ProjectSyndicate
23
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way. First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level. In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle. It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
NYSE:JPMLong
by freeguy_by_wmc
$JPM 65m Analysis (Continuation)What's up everyone, I'm back with some quick update on $JPM. Quick fact: The 65-minute chart has 6 evenly sized candles (65 x 6 = 390, amt of mins per day). Based on our previous analysis: - NYSE:JPM has bounced off the 0.618 bullish Fibonacci on the 65-minute chart at $204.11 - Price Target of $225.48 at 0.0 (assuming we continue the bullish trend) - Stop Loss of $194.36 at the 0.9 bullish Fibonacci The price is currently up 2% from when we first analyzed the stock and 3.85% from the last time it touched 0.618. If you're in the play, stay the course, move your stop loss to 0.5 Fibonacci if you want to decrease your risk. If not, hold on. I'm not in the play.
NYSE:JPMLong
by Brandonthrives
JP MORGAN to rise at least +14% on this rally.We haven't looked into JP Morgan Chase (JPM) in almost 6 months (March 25, see chart below) and the excellent sell signal it gave us: That was right at the top of its 2-year Channel Up. Right now we have the price rebounding an pricing a Higher Low on a shorter-term Channel Up since the March 25 High. Being still below its 1D MA50 (blue trend-line), gives time for an early buy. The minimum % of a Bullish Leg within this Channel Up has been +14.07% so our Target is at $229.00 accordingly. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMLong
by TradingShot
JPMorgan Stock Slumps Amid Interest Income ConcernsJPMorgan Chase & Co. (NYSE: NYSE:JPM ) recently experienced a significant drop in its stock price, slumping over 7% following warnings from its President and COO, Daniel Pinto, about the bank’s net interest income (NII) outlook. As the largest U.S. bank by assets, JPMorgan's financial health is closely watched as a bellwether for the broader banking sector. Here's a deep dive into both the technical and fundamental aspects affecting JPMorgan’s stock. Fundamental Analysis JPMorgan's recent stock decline was triggered by Pinto’s comments that NII expectations are overly optimistic given the expected Federal Reserve rate cuts. The Fed is anticipated to lower its key policy rate by at least 25 basis points during its upcoming September meeting, initiating a potential monetary easing cycle. Lower rates are likely to compress NII, which represents the spread between what the bank earns on loans and what it pays on deposits. Previously, JPMorgan (NYSE: NYSE:JPM ) forecasted its NII to rise to $91 billion this year, excluding its markets division. However, with the Fed’s rate cuts on the horizon, future projections have been adjusted downward. Investors are now concerned that the bank may not hit its 2025 NII target of approximately $90 billion, especially with Pinto's warning that "next year is going to be a bit more challenging." Expense Outlook and Broader Concerns Additionally, the analyst estimates for JPMorgan’s expenses in 2025, pegged around $94 billion, have been deemed overly optimistic by Pinto. With inflationary pressures and new investments looming, the bank’s expense base is expected to be higher than current projections. This dual concern over income and expenses has rattled investor confidence, making it JPMorgan's worst drop since June 2020. Despite these challenges, JPMorgan’s position as a leader in gathering deposits and making loans remains strong. The bank's trading revenue is projected to be flat to slightly up year-over-year, and investment banking fees are expected to rise by about 15%, indicating resilience in other business segments. However, slowing economic growth in the U.S. and an anticipated decline in new loan yields due to rate cuts continue to cloud the outlook. Technical Analysis Current Price Action As of the latest trading session, JPMorgan stock was down 5.19% in extended market trading, reflecting the broader market's nervous reaction to Pinto’s comments. The stock has been under pressure, but the Relative Strength Index (RSI) at 53 suggests that the stock isn’t yet in overbought or oversold territory, indicating a potential for reversal if sentiment shifts positively. Key Technical Patterns - Golden Cross Pattern: The daily chart shows a golden cross pattern formed earlier in the year, a bullish indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern has been associated with upward momentum, suggesting potential long-term strength despite current headwinds. - Support and Resistance Levels: Currently, JPM is trying to establish a base around $133, which acts as a critical support level. A break below this pivot would confirm a bearish reversal pattern, potentially leading to further declines. Conversely, holding above this level could set the stage for a recovery, especially if NII concerns are tempered by unexpected positive news. - RSI Analysis: The RSI of 53 implies that JPMorgan stock (NYSE: NYSE:JPM ) is positioned for a possible trend reversal. If buying pressure increases, the stock could move towards its next resistance levels near $145 and then $155. - Bearish Divergence: However, caution is advised as there has been a recent bearish divergence between price and momentum indicators, which could signal further downside if investor sentiment does not improve. Outlook and Key Considerations JPMorgan remains fundamentally strong, with robust trading and investment banking revenues cushioning some of the expected pressure on NII. However, the market's reaction to the tempered guidance reflects broader concerns about the impact of lower rates on bank profitability. For investors, the key takeaway is that while JPMorgan’s stock faces near-term challenges, the bank’s dominant market position, diversified revenue streams, and proactive management strategies still provide a solid foundation. Technically, a close watch on support levels and RSI dynamics will be crucial in determining the stock's short-term direction. Conclusion JPMorgan’s recent slump highlights the balancing act the bank must perform amid changing economic conditions. While the market’s reaction has been swift, the long-term narrative for JPMorgan remains constructive, provided the bank can navigate the expected rate cuts and maintain control over rising expenses. For traders and investors, staying informed on both the fundamental outlook and technical patterns will be essential in making well-timed decisions regarding $JPM.
NYSE:JPM
by DEXWireNews
Are financials topping here? Financials have been one of the leading and strongest sectors on the back of rate cut narratives. The resilience and strength can easily be observed... XLF has been making new highs despite the QQQ & SPY not. Now it begs the question; is all the rate cut priced in? We think financials are set for some downward rotation. If this rotation occurs it opens up many other opportunities as financials do carry some decent weight in the indices. Today names like JPM & XLF gave us a potential daily topping tail.
AMEX:XLF
by Trading-Capital
Continue To Monitor 5390 For Bulls and BearsWe are currently 1.5 trading days away from our original market top call, but this analysis will cover any new developments. Wave A appeared to have a good 5 wave structure with wave 3 having an extension. Wave B retraced 73% of wave A's movement quicker than expected. Wave C has most likely completed at least the first two waves and possibly as much as 4 waves. Wave 2 retraced around 64% of wave 1 and as wave 3 is currently marked, it extended 304% of wave 1. I have marked wave 3 based on my wave 3 indicator at the bottom. The shorter arrow pointing down depicts a wave 3 of 3 and the larger arrow depicts the end of a wave 3. The gap in the blue painted backgrounds at the bottom is the distinguishing feature of two separate wave 3s being signaled instead of just one wave 3. The retracement off of the signaled wave 3 was very quick although it was a 20% retracement and quite possibly the end of wave 4. If these four waves have concluded, wave 5 and the market could top as early as Friday. I will walkthrough the levels on the far right first to determine a possible top. The furthest right values are retracements from the original market top from mid-July. If the index moves back to the all-time high, it would have retraced 100%. A common retracement could be between 38.2%-61.8%. The next column left of this is the movement extension of C from wave A which topped at 5336.20. Basically, wave C should finish somewhere above 5336.20 which the index has now surpassed and therefore is capable of topping at any time. The next leftmost column are movement extensions from wave 3's movement inside of wave C. Once again, we are already above wave 3's top (5333.70) and capable of ending at any time. I try to find common levels among these three columns and monitor the index as it approaches. A 50% retracement of the macro wave 1 would occur at 5387.30, while an extension of wave A would of 123.6% is at 5393.31, coincides with a 138.2% extension of wave 3 at 5392.57. This very tight zone is certainly one to monitor for a top and it is not far away at the time of this analysis. I try to make similar identifications in other symbols to get a better read of the S&P500 index. Japan is moving the same, although it is unclear if they have completed wave 3 of C yet. They will most likely see more movement as their trading day gets in full swing during the overnight hours for North America. They may continue the momentum observed from America's Thursday session. Without marking their completed wave 3 with certainty, their area of commonality is between 37705-37782. JP Morgan Chase makes things more interesting because it is not clear if we are still in macro wave 1 or macro wave 2. The case for macro wave 1 has it in a micro wave 3 of C albeit in wave 4 of macro wave 1 here: If this holds true, the S&P 500 may not be in the correct place. If JPM is actually inline with the current wave structure as the index, waves 4 and 5 were very abbreviated based on the location of the wave 3 of 3 signals from early August. This alignment would slightly alter the retracement lines to the far right as seen here: The area of commonality is around 211.30 which is almost too much of a movement over the next 1-2 days for this stock. Amazon appears to fall inline with the theory of ending macro wave 2 soon. It has a target area around 170.5-171.32 and another much higher at 175.52-176.35. Based on the lack of obvious agreement, it is difficult to determine where the market is. I will continue to monitor the initial theory that the market topped in mid-July and has completed a five wave structure down and is about to finish a three wave structure up in the coming days. If the levels pointed out here are significantly surpassed, the market could continue upward to new all-time highs once again. Another downward reversal on or before Monday likely points to a new index low between 4100-4700 within the next month.
OANDA:SPX500USDShort
by StockSignaler
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t bought the dip on JPM: Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 200usd strike price in the money in the money Calls with an expiration date of 2025-1-17, for a premium of approximately $17.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:JPMLong
by TopgOptions
JP Morgan Surprises Investors with Strong EarningsOn Friday, JP Morgan surprised investors with a robust earnings release, posting an impressive +4.01% increase and a revenue surge of 20.78% above estimates. This positive news has ignited investor confidence and set the stage for a potential bullish trend. Historically, JP Morgan's stock has shown a seasonal pattern of growth during this period. Over the past 15 years, the company's stock price has typically increased during the summer months. This historical trend, combined with the recent strong earnings report, suggests a favorable outlook for JP Morgan's stock in the near term. The pre-market indicators are already showing gains, reflecting investor optimism. Given these positive signals, we are looking to open a long position at the start of the New York session today. ✅ Please share your thoughts about JPM in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYSE:JPMLong
by FOREXN1
1
#202427 - priceactiontds - weekly update - JPMGood Day and I hope you are well. JP Morgan / NYSE:JPM comment: Clear bull wedge, which means buyers at new highs taking profits and since it's the third push up, the probability of a two legged correction breaking below the wedge is decent. Market touched the weekly 20ema 2 times over the past 3 months and the third time will probably happen soon. We also have a decent rejection at 210, which gives you even better odds for a short. I do think longer term shorts can work well, if you can hold 4-6 months until price reaches 185ish. Quicker short for 195, which is the most recent breakout price, is the safer play obviously. Once market hits the C target, I expect a lower high and then some stronger down move to below 190 over the next 6-12 months. current market cycle: Bull trend which transitions into a trading range. key levels: 190 - 210 bull case: Bulls see this recent bull trend inside the wedge as strong enough for a third leg. A measured move from W3 would lead to 220. For that to happen they want to stay inside the tight bull channel and turn the market around here quickly. I do think if it drops below 200, that bull trend is over and the high is in or at least a double top would not exceed it by more than 1-3$. Bull Invalidation is below 200. bear case: Bears want to keep the upper wedge line as resistance and test back down to the lower one around 196ish. They sold the previous highs for a 10% and a 7% drop. 10% down would bring us to 190, which is suprisingly around the weekly 20ema. Coincidences or math? You decide for yourself. Bear Invalidation is above 215. short term: bearish - Two legged correction to at least 200 over the next weeks. medium-long term: bearish - Trading range 180-200, since we are at the highs, longer term shorts are reasonable. current swing trade: Short 205, sl 215, tp 200ish or the lower bull wedge line/weekly 20ema Have a good rest of your weekend and talk to you soon. If you enjoy my writings, please leave a boost or follow. Thank you and I wish your trading to be profitable.
NYSE:JPMShort
by priceactiontds
JPMorgan Chase Stock Dip: An Opportunity Amidst the NumbersIn the wake of last week's unexpected setback for JPMorgan Chase's stock, investors are presented with a perplexing narrative. Contrary to expectations, the banking giant refrained from revising its 2024 revenue guidance, leading to a notable 6% drop in share price. Yet, beneath this seemingly negative surface lies a compelling investment opportunity, driven by robust performance metrics and strategic positioning within the financial sector. Despite the initial market reaction, JPMorgan Chase's first-quarter results surpassed expectations, with impressive revenue and per-share profit figures. While the lack of upward revision to net interest income guidance caused temporary turbulence, a deeper analysis reveals several positive indicators supporting a bullish outlook. Notably, JPMorgan Chase has outperformed its competitors in key areas, including loan losses, interest income growth, and revenue diversification. The bank's proactive measures to optimize its balance sheet and enhance fiscal flexibility further underscore its resilience in the face of market challenges. Moreover, the company's solid financial foundation, highlighted by robust return on equity metrics, distinguishes it as a top performer within the industry. Compared to peers, JPMorgan Chase's profitability remains unmatched, reflecting its ability to deliver consistent shareholder value over the long term. While market dynamics and external factors may influence short-term stock movements, the intrinsic strength of JPMorgan Chase as a company remains steadfast. As such, the recent dip in share price presents an attractive entry point for investors seeking exposure to a leading player in the financial sector. In conclusion, JPMorgan Chase stands as a beacon of stability and profitability in an ever-evolving market landscape. The recent downturn in stock price offers investors an opportunity to capitalize on the company's enduring strength and potential for future growth. As always, prudent investors should conduct thorough due diligence and consider their investment objectives before making any decisions.
NYSE:JPMLong
by FOREXN1
1