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JPMORGAN CHASE &CO

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JICPT| JPM got support from flip heading to previous high!Hello everyone. The conflict between Russia and Ukraine has been on the center stage since last Monday. global stock market have been volatile for a majority of the week. With no intention of sending troops to Ukraine, market started to calm down. Hopefully, it'll be over soon. It's really painful to see those photos. Get back to the technical side, there was buying pressure around the key flip level of $140 with increased volume as confirmation signal. Other than that, the rate hike next month will also benefit the banking sector. The question is 25bps or 50bps.
NYSE:JPMLong
by JICPT
Pull Back Fishing/TopsFinancials had quite a run during our Bull market. Time to pay the Piper I suppose. JPM has an ugly top but maintained up there for quite a while. I like this stock but am thinking it has some downside left to go. Short interest is very low at .52%. I do know some do not agree, but in my experience, the tops and bottoms of gaps/windows, can provide support as well as resistance. There is no price action inside a gap, so I look to your left at prior price action for support while inside a gap. If I do not see major price action to the left and price has broken the top of a gap, I find price will usually hit the bottom of the gap. As of late some securities are in Free Fall mode and will parachute right through the top and bottom of a gap without so much as a pause as if the market is literally bleeding. Until the hemorrhaging stops and that would mean something in this economy has to change, I am being careful. I plan to wait but I know many love this stock. Price is under all of it's long term moving averages. Moving averages are lagging indicators. Folks tend to sell the securities with the most gains, so it is time to maybe look at the high flyers right now when the economy is sucking wind. Often those will suffer the greatest declines. I am guessing it is time we admit we lost our bull market and time to readjust. I know we will have good days as a bear market is not like "everyday is a rainy day" and there will be rallies up. JPM made 2 attempts after high of `172.96 to beat this high without success. This can be a sign that a security is at it's top. This particular ugly top was iffy a price kept trying to go up for a while and it was not clear that a top was reached. But it was, for now. No recommendation
NYSE:JPM
by lauralea
1
Trade Idea - buy JPM swing callsOn the daily chart price is oversold and needs to revert back up towards moving averages. 30min chart shows ovals around the candles that generated a stochastic bull signal. Those three candles showed buying strength, and after a another move lower (which usually happens) I am looking for price to hold 130 and move higher. Green lines show bullish divergence between RSI and price. Risk is low as price is near the lows and 130 can also be used as a stop.
NYSE:JPMLong
by OptionsRising
JP Morgan: Don't Miss This Bullish WaveJPM Morgan: It A Wise Decision To Buy Jp Morgan? This is still a valid analysis from the last time that we shared it. As we all know, JP Morgan is a highly reputable bank in the market. The current Market Cap is $ 442.73 billion Industry: Banking - Diversified Financial indicators are all in positive territory. The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months. From that moment on it is still holding up the growing momentum. The stock is not overvalued at all. On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140. Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151. This increase is approximate + 7.5%. Considering this, we can assume that this stock is being traded close to its “Fair Value”. So we are not buying something that is more expensive than it should be. The probability is very high that the price could move higher again up to the top of the model close to 179. Thank you and Good Luck!
NYSE:JPMLong
by KlejdiCuni
10
JPM Morgan: Don't Miss This Bullish Wave Is It A Wise Decision To Buy Jp Morgan? As we all know, JP Morgan is a highly reputable bank in the market. The current Market Cap is $ 442.73 billion Industry: Banking - Diversified Financial indicators are all in positive territory. The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months. From that moment on it is still holding up the growing momentum. The stock is not overvalued at all. On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140. Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151. This increase is approximate + 7.5%. Considering this, we can assume that this stock is being traded close to its “Fair Value”. So we are not buying something that is more expensive than it should be. The probability is very high that the price could move higher again up to the top of the model close to 179. Thank you and Good Luck!
NYSE:JPMLong
by KlejdiCuni
23
JICPT| recommend JPM exposure despite weaker earning report Hello everyone. JPM has been down around 20% on the weaker earning report and market turbulence. However, it has been bouncing back from key level one weekly. I listed the reasons to be bullish on the daily chart for your reference: 1. VSA 2. Flip 3. multi-timeframe analysis 4. market mood. Beyond those, the rate hike by FED this year(probably 3-4 times with quickest start on March)also makes JPM preferred assets for investors. I listed reasons in the related idea posted almost one year ago. I also recommended clients to allocate part of their money in Reits to hedge against the rising inflation. The only free lunch is diversification. That's the easy money we couldn't miss. What do you think? Give me a like if you're with me.
NYSE:JPMLong
by JICPT
JPM Price Analysis: Is It A Wise Decision To Buy Jp Morgan?Is It A Wise Decision To Buy Jp Morgan? As we all know, JP Morgan is a highly reputable bank in the market. The current Market Cap is $ 442.73 billion Industry: Banking - Diversified Financial indicators are all in positive territory. The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months. From that moment on it is still holding up the growing momentum. The stock is not overvalued at all. On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140. Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151. This increase is approximate + 7.5%. Considering this, we can assume that this stock is being traded close to its “Fair Value”. So we are not buying something that is more expensive than it should be. The probability is very high that the price could move higher again up to the top of the model close to 179. Thank you and Good Luck!
NYSE:JPMLong
by KlejdiCuni
18
JPMorgan Chase | Fundamental AnalysisDespite the high valuation and declining stock price following the release of its Q4 and full-year 2021 earnings report, analysts still believe that JPMorgan Chase is the best-performing banking asset of its kind. After all, America's largest bank by asset size generated more than $125 billion in earnings on a managed basis in 2021. Still, the bank may struggle to deliver the returns investors have grown accustomed to in recent years because of some near-term adversity. And here's why. One way to estimate JPMorgan's accomplishments on a quarterly and annual basis is the return on tangible total capital (ROTCE), which is a technical rate of return on equity after dismissing selected stock, charity, and intangible assets. It is definitely a strong number, taking into account the intricacy of the bank and the amount of regulatory capital it must have. In recent years, JPMorgan has mostly exceeded its target of 17%. In 2019, before the pandemic and when the federal funds rate was higher, which is apt to help banks, JPMorgan Chase reported 19% ROTCE. The bank reported 14% ROTCE in 2020 and then 23% in 2021. However, both ROTCEs in 2020 and 2021 were significantly influenced by reserve capital. In 2020, JPMorgan had to set aside a ton of funds to prepare for potential loan losses, which significantly reduced profits. In 2021, realizing that these loan losses would not be realized, JPMorgan put the reserve capital back into earnings, which increased ROTCE significantly. When the reserve capital was drawn out in 2020 and 2021, JPMorgan's earnings were 19% and 18% ROTCE, respectively. How did these numbers do so well with so little credit growth and low interest rates over the past two years? The bank's Corporate & Investment Banking (CIB) division had an outstanding year, first in capital markets and then in investment banking in 2021. But as earnings at CIB are expected to normalize this year and interest rates remain relatively low, all things considered, achieving the 17% goal becomes more challenging. No doubt much of the sell-off after JPMorgan's Jan. 14 report was due to the bank's guidance, which was somewhat muddled and seemed to suggest less fortunate outcomes this year and possibly next. One of the main metrics on which banks typically provide guidance is net interest income (NII), which is the money banks earn on loans and securities after covering the cost of funding those assets. When the Federal Reserve raises its benchmark overnight lending rate, the federal funds rate, banks tend to earn more NII because the yield on their assets, such as loans and securities, is revalued based on the federal funds rate higher than the rate on their liabilities, such as deposits. JPMorgan does expect NII to grow as a result of rising rates. In 2021, NII from loans and securities was about $44.5 billion. With expected rate increases this year, some growth in loans and securities placements, JPMorgan expects that to grow to about $50 billion in 2022. But JPMorgan also gets NII from the bank's CIB Markets division, mostly from the bank's fixed-income capital markets business, doing things like holding bonds and some customer lending and financing. This was very high in 2020 and 2021 at $8.4 billion and $8.2 billion, respectively, but is now expected to normalize as rising rates also drive up the cost of funding fixed-income assets. In 2019, when the economy was more normal, the NII of CIB markets was only about $3.1 billion. Thus, while JPMorgan is expected to benefit significantly from rising rates, NII may be offset to some extent by lower NII in CIB markets, although this NII is harder to predict. JPMorgan's spending forecast also took analysts by surprise. After spending just under $71 billion last year, management expects spending to reach about $77 billion this year, a slight increase. About $2.5 billion of that increase will go toward employee compensation and normalizing travel and entertainment expenses, and about $3.5 billion will go toward investments in the company, such as technology capabilities, expansion, and marketing. As analysts noted, such spending growth is likely to make it difficult for JPMorgan to get positive operating leverage this year and possibly next, when revenue growth outpaces expense growth. But CEO Jamie Dimon said reaching 17% ROTCE is not out of the question in 2023, depending on factors such as the performance of fixed-income capital markets and the deployment of excess cash, on which the bank has been conservative. Investors also seem somewhat disappointed that JPMorgan has significantly increased its investments in the company over the past few years, so they want those investments to be reflected in earnings. JPMorgan stock has been priced pretty high, and it will face some difficulties in the coming years. At this point, there is probably potential for much higher returns in stocks like Citigroup and Wells Fargo, which are on a turnaround. But they also carry a lot of risks, while experts are confident that JPMorgan management is managing the company wisely and investing to handle all the competition in the banking sector now and in the future.
NYSE:JPMShort
by FOREXN1
3
Attempt at Wave Confirmation (1d) (Jan 2022)JP Morgan & Chase ( JPM ) (January 2022) I still believe there may be an Elliott wave in this chart printing since the March 2020 market-wide crash. I've had to update since the last time I published but I was able to clean up this chart. I will try to watch this one more frequently now. I think the next drop will end near ~$140 or even ~$130 depending on our suspected 4th wave here. Looking for a 50% or 38% retrace to confirm a 4th wave, those 2 price levels would satisfy that condition for me. It seems like it has already retraced further than 24% (<0.786) so I expect at least $140 or $130 if this is a true Elliott wave. I suspect this drop could continue from now into March or May 2022. After a drop to one of the suspected levels for 4th wave, I expect a 5th wave that could end at either $170 (red/gold fib 1.0) or $191 (red fib 1.27/gold fib 1.618) anytime from December 2022 to February 2023. A final peak of $170 would make wave 5 a "failed 5th wave" and would probably support the fundamentals of a "double top" chart pattern as the suspected wave 3 ended along the same level. Note the 3 moving averages converging on the price range I indicated for a 4th wave. Previous chart leading to these conclusions: Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
NYSE:JPMShort
by Hambooger