JPM PT $138.00H&S FORMED. PT $138 BY THE END OF SEPTEMBER.
$150/149 has been rejected multiple times and current financial news will not help banks.
CMC trade ideas
JPMorgan Chase (JPM): Emergence of Rounding Top Pattern Signals After a detailed analysis of JPMorgan Chase (JPM) stock chart, a Rounding Top pattern has been identified. This pattern, resembling a curve or dome at the top, is typically a bearish signal indicating a potential shift from an upward trend to a downward one. The formation of this pattern suggests that after a period of bullish momentum, the stock is losing strength and might be gearing up for a downward reversal.
Conclusion:
Given the emergence of the Rounding Top pattern on JPM's chart, investors should proceed with caution. It's advisable to consider defensive or protective strategies for current positions and stay alert for further confirmations of this bearish trend. As always, it's essential to combine technical analysis with other relevant indicators and news before making investment decisions.
Article:
An analyst at Fitch Ratings has issued a warning that U.S. banks, including JPMorgan Chase (JPM), might face downgrades if the agency further reduces its assessment of the operating environment for the industry, as reported by CNBC on Tuesday.
In June, Fitch downgraded the U.S. banking industry's "operating environment" score from AA to AA-, pointing to pressures on the nation's credit rating, regulatory framework gaps, and uncertainties regarding future interest rate hike trajectories.
A further one-notch downgrade, moving from AA- to A+, would compel Fitch to reassess ratings for each of the over 70 U.S. banks it evaluates, as stated by analyst Chris Wolfe to CNBC.
Earlier this month, lenders were shaken when Fitch's counterpart, Moody's, downgraded 10 mid-sized U.S. banks and hinted at potential rating cuts for several others.
JPM -- shortI was looking for some short exposure for next week, and landed on JPM on my target.
My rationale:
I expect that some of the pre-holiday cheer will turn to hangover by next week.
JPM is at the upper edge of its declining 1-month trading channel
There's a highly predictive broken triangle pattern
DXY is zooming today, without anyone paying much attention, and could easily take out the 5/31 high of 104.70. This would likely come as a reaction to bad news from China, and could translate into increased domestic recession fears in the US.
I already have a lot of financial long exposure and can use a bit of short-term protection.
My target is 145, and my SL is at 149. As these targets are very close to the current price, I will express this with a short term vertical put spread. But, as always, this is not a recommendation to buy or sell. Please do your own research.
I welcome your opinions in the comments.
JPM - "you look poor"ok at 97 this should see support, but damn this is looking like a very long term top on Jamie Dimon's baby. That hurricane he was talking about started a few months ago.
Long term target is 50.
JPM Entry, Volume, Target, Stop
Enter when price clears 144.35
With daily volume > 10.5M
Target area: 166
Stop depends on your risk tolerance, but 137 for a 3/1 Risk/Reward
Will JPM continue to rise?JPMorgan Chase - 30d expiry - We look to Buy at 150.22 (stop at 147.22)
The primary trend remains bullish.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Daily signals are bullish.
A break of the recent high at 150.10 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 157.72 and 159.72
Resistance: 150.10 / 153.00 / 155.50
Support: 147.50 / 145.46 / 144.00
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📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈📊 #ChartPattern Alert! 📈📊
📈 Rising Wedge 📈
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower highs (upper trendline).
Draw another trendline connecting at least two lower lows (lower trendline).
📈 What it Signals: The Rising Wedge suggests a potential bearish reversal, with sellers prevailing at lower highs within the wedge. It often forms during uptrends and can precede a significant price move to the downside.
📈 Trade Strategy:
Consider short-selling or setting stop-loss levels if the price breaks below the lower trendline of the Rising Wedge.
Set profit targets based on the pattern's height subtracted from the breakdown point.
Implement a stop-loss to manage risk in case of a false breakdown.
Remember to use other technical indicators and conduct thorough research to support your analysis before making any trading decisions. Happy charting and trading! 📉💹
JPM Stock shortThis is on of the first stocks that Im a shorting and this is a very clear short as H4 and daily are overbought with a lot of divergence. There is no way to check for a pattern but I believe with all the divergence and the consolidation, this stock should crash in the coming weeks. Also, their quarter earnings report is due on October so it should crash by then.
Retested and moving up to $160Daily Chart
On daily timeframe, JP Morgan Chase & Co ( NYSE:JPM ) has broken and retested the support around $144. That means price will go up after retest completed.
I expect JPM can go up to $160 that level very fit with Fibo Extension Tool (1.618 Re)
Wait and see next move
An opportunity to buy JPMorgan stockHi, according to my analysis of .jp morgan stock. There is a fantastic long term investment opportunity. Especially with the price breaking the resistance area at the level of 144. Likewise, the stock exited the sideways channel. We also notice a rising channel as shown in the analysis. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Bearish Outlook for JPM: Double Top Pattern Identified.In our recent analysis of JPM, we have identified a Double Top pattern, which is commonly recognized as a bearish signal. This pattern could indicate that we are about to see a short-term trend reversal.
We recommend a limit sell order at $156.79, with a sell target at $152.89. This range provides an attractive opportunity for profit, as long as risk is managed appropriately.
As always, we advise traders to use stop losses and make decisions based on their own research and risk tolerance. Remember, stock market trading carries risk and you should never invest more than you are willing to lose.
Happy trading!
JPM will perform! Triangle BreakoutHi mates, Sharing daily chart of JP Morgan as we can see price is looking in uptrend (higher highs and higher lows) and now breaking a horizontal resistance it seems a triangle breakout in it so i am planning to go long in targets shared on chart all targets are resistance based. A breakout retest strategy i am keeping in mind too for this execution which is near about to 148 price.
what are your views please share in comment box, much awaited thanks in advance.
KINDLY NOTE-: This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
JPMJPM price will go a bit higher then price will fell down to 130.30 then start climb up to 168.90...
JPM long will go to 370$ and Higher New 52-week highs this week, powered by the Dow and Nasdaq100 which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year.
I have explained 2 bullish scenarios,1 bearish(worse case).
Bullish:
higher highs higher lows
poc uprising
volume increasing
capital flow rising
In case the Take profits hit, and we have increased volume, I will ride the trend.
I will only take profit 10% of the JP Morgan portfolio and let the profit run.
Exit :Stop loss or trend change signal
The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run.
This trade setup is only for trend followers and on daily TF.
Bearish Alert : JPMThe 15 minutes shows another bearish alert.
The previous ones all failed without a proper combo showed up.
Right now on top of this trend, there is a small symmetrical wedge with a new test of the ema 21 to the ema 50.
A possible break down may bring to a healthy pullback.
JPM JPMORGAN CHASE & COThere was an attempt to break through a certain level, accompanied by significant trading volume. However, the price pulled back slightly from that level. Currently, we are seeing another attempt to break through. If successful, this could lead to a potentially good trend in the market.
TP1 149 TP2 158
SL 137
$JPM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:JPM after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
JPM - Rising Trend Channel [MID -TERM]🔹Resistance become support at 144 in NEGATIVE reaction.
🔹POSITIVE volume balance indicates higher volume on rising days.
🔹RSI above 70 indicates strong short-term POSITIVE momentum.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
bullish breakout for JPM🚀broke past multiple trend resistance lines and also climbed back above an important support zone..
bulls took back complete control here! short term targets 166.77-172.02 🎯 boost and follow for more! thanks 💜
JPMorgan ($JPM) LongSomeone is bullish $JPM... today someone rolled 8000 of their in the money JPM 9/18 145/155 call spreads to buy 8000x JPM 9/15 160/170 call spreads for 1.53. Look for a breakout above 155 resistance level. If NYSE:JPM gets above the middle dotted line in that channel, it is cleared for take off to 170...green box is profit taking zone.. Max payout on the 160/170C spreads is $8.50 if it's above 170 by Sep 18th expiration.
JPM credit spreadmacro: snp500 QQQ uptrend, market rotation from tech to finance and other neglected sectors
News: inflation flattening
TA : Break of range and higher low prior to breakout, strong gap up break
STOP: rolling till worthless options
risk: earnings on 14th july
JPMorgan Chase: Seizing Opportunities Amid Rising RatesJPMorgan Chase's Strategic Brilliance: Capitalizing on Opportunities Amid Rising Interest Rates
JPMorgan Chase has proven itself to be a master of foresight and exceptional management, evident in their strategic moves over the past years. In 2021, the bank took proactive measures by building up cash reserves, anticipating a potential rise in interest rates. This calculated fiscal approach allowed them to pounce on a golden opportunity to acquire First Republic Bank on favorable terms after federal regulators took over the bank earlier this year.
The fruits of their foresight and strong leadership became apparent in the second quarter, as JPMorgan experienced a remarkable surge in revenue and net income. This growth was driven by the advantageous impact of higher interest rates and the successful integration of First Republic Bank into their operations.
JPMorgan Chase's impressive performance marked the beginning of the latest earnings season for banks. Surpassing analysts' expectations for the second quarter, the bank achieved a significant victory, with both its total revenue and adjusted earnings per share exceeding Refinitiv's estimates by a remarkable 9%. This reaffirmed JPMorgan's position as the largest bank in the U.S.
One of the key factors contributing to their success was the substantial increase in net interest income, reaching $21.8 billion during the quarter. This marked a 5% increase from the previous quarter and an impressive 44% surge compared to the same period last year. The Federal Reserve's continued aggressive interest rate policy in response to the ongoing fight against inflation played a crucial role in this growth.
Higher interest rates have proven advantageous for banks, widening their interest rate spread and boosting net interest income. JPMorgan Chase skillfully leveraged this scenario to its benefit, resulting in a stellar performance in the quarter.
The bank's other income also experienced a substantial boost, totaling $3.3 billion compared to $599 million in the previous year. A significant bargain purchase gain of $2.7 billion resulting from the acquisition of First Republic Bank contributed to this surge. However, the acquisition also led to an additional $1.8 billion provision for credit losses and other expenses.
JPMorgan's CEO, Jamie Dimon, demonstrated remarkable foresight when he warned investors about the potential for inflationary pressures back in April 2021. While prevailing optimism believed in the continuation of good times, Dimon's cautionary stance proved wise as interest rates rose higher than expected.
Thanks to their strong balance sheet and substantial cash reserves, JPMorgan was well-prepared to navigate the challenges posed by higher interest rates. While other banks struggled, JPMorgan's strategic positioning allowed them to seize opportunities in the rising interest rate environment. Their ability to submit a competitive bid and successfully acquire First Republic Bank at a favorable price showcased their keen decision-making and ability to capitalize on prevailing opportunities.
In conclusion, JPMorgan Chase's prudent management, timely warnings about inflation, and strategic positioning with substantial cash reserves have proven to be the driving forces behind their continued success in today's dynamic economic landscape. With an astute understanding of market conditions and a proactive approach to risk management, JPMorgan continues to set a high standard in the financial industry.
TurnAround Point: 147.00
Our preference
Long positions Above 147.00 with targets at 158.00 & 162.00 in extension.
