JPMafter the stress test, JPM is breaking out above resistance
looking very bullish with news catalyst
resistance in the way of new highs
CMC trade ideas
Will JPM higher after earnings ?JPM is in an uptrend since earnings the morning of July 14th at the end of the
trading week. On the 1H chart with VWAP band lines anchored to a week before
earnings as a dynamic support and resistance reference shows a rise from below
the first standard deviation above the mean VWAP to above it with a pullback
after the earnings and then a continuation at the depth of the pullback today
July 17th.
The two-time frame RSI indicator shows the lower TF blue line moving lower
despite the uptrend today. This is suggestive of bearish divergence.
The zero-lag MACD shows a cross of the lines above the histogram suggesting
a reversal as does the green to red and positive to negative on the histogram.
As a result, I will watch JPM for reversal and a put option or short sell stock
trade.
JPM JPMorgan Chase Options Ahead of EarningsIf you haven`t sold JPM here:
or bought it here:
Then analyzing the options chain of JPM JPMorgan Chase prior to the earnings report this week,
I would consider purchasing the 145usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $4.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
J P Morgan Chase & Co (JPM)Shares in JP Morgan Chase & Co (symbol ‘JPM’) managed to cover the losses incurred throughout the second quarter and is currently in some minor profits of around 2% compared to the beginning of the quarter. The company is expected to report earnings for the quarter ending June 2023, on Friday 14th of July before markets open. The consensus EPS is $3,66 compared to $2,76 in the same quarter last year.
“ The American investment bank has been mentioned in March (when we saw the banking crisis in the US) that it's too big to fail and if we take a look at their financial image it's clear as to why. The company has total assets, as of 31/12/2022, of around $3.6 trillion and a ratio of 1.08:1 compared to its total liabilities. The dividend yield is slightly below 3% while the payout ratio is almost 30%. This means that the company only gives out a third of their profits to the shareholders and invests more on their economic growth. ,” says Antreas Themistokleous, an analyst at Exness.
Technical analysis shows the price has been trading in a bullish momentum since late May and is currently facing the resistance area of the upper band of the Bollinger bands and the 61.8% of the weekly Fibonacci retracement level. The 50 day moving average is trading above the 100 day moving average indicating that the overall bullish trend is still valid despite the Stochastic oscillator being in the extreme overbought area.
JPM - May Be Finding A Low 🧐Noticing very bearish ideas floating around for JPM but I think the damage may be close to done for some of these banks and JPM looks like it may print a similar 3 wave 1:1.786 expanded flat pattern that we looked at for BTC, to then move on up.
May find support on the 200 day MA.
Not advice.
JP MORGAN This rally has more room to growJP Morgan is trading inside a Channel Up on a strong 1D technical timeframe (RSI = 68.279, MACD = 2.320, ADX = 18.509). Supported by the 1D MA50, this bullish leg can potentially rally more. If it repeats the rise of the previous, it can hit both R1 and R2 but since R1 is neatly located at the top of the Channel Up, we will buy and pursue this as target (TP = 156.00).
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JPM to find buyers at previous swing highs?JPMorgan Chase - 30d expiry - We look to Buy at 143.33 (stop at 140.33)
The primary trend remains bullish.
This is currently an actively traded stock.
Price action continues to trade around significant highs.
Previous resistance at 144 now becomes support.
We look to buy dips.
This stock has seen good sales growth.
Our profit targets will be 150.83 and 152.83
Resistance: 149.87 / 157.00 / 163.50
Support: 147.50 / 144.00 / 142.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
JPMorgan's (JPM:NYSE) Q2 '23 Financial Results Anticipated
JPMorgan, one of the leading global financial institutions, is scheduled to release its Q2 '23 financial results on July 14th, 2023. Analysts have high expectations, predicting earnings per share (EPS) of $4.00 on revenue of $38.86 billion for the quarter.
Exceeding Consensus Estimates in Q1 '23:
In the previous quarter, Q1 '23, JPMorgan surpassed consensus estimates, demonstrating robust performance. The bank exceeded expectations by 21% in EPS and 6% in revenue. The strong performance was primarily driven by net interest income, which amounted to $20.7 billion.
Current Stock Valuation:
JPMorgan's stock valuation metrics indicate an attractive investment proposition. Currently, the bank's stock is trading at 10 times the expected EPS for the next three years, highlighting favourable growth prospects. Furthermore, the stock is valued at 1.5 times its book value and 1.9 times its tangible book value, suggesting that it may be undervalued in relation to its assets.
Conclusion:
Anticipation is high as JPMorgan prepares to announce its Q2 '23 financial results. Analysts are predicting strong performance with expected EPS of $4.00 and revenue of $38.86 billion for the quarter. The bank's track record of surpassing consensus estimates, coupled with its current stock valuation metrics, indicate the potential for a positive market reaction to the upcoming results. Investors and stakeholders eagerly await JPMorgan's announcement on July 14th, 2023, as they assess the bank's financial performance and strategic outlook.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
JPM Chase potential breakoutLooking at the upside for this quarter earnings. A simple pitchfork indicator shows an upward trend.
Holding the Key to the Kingdom?Does Dimon hold the keys to the market? Every timeframe is overbought but JPM is holding above a key level. There are a few stocks in the DJI index that look like this. AXP is also very interesting.
Presently, just watching this intently. Also, noticing that the Fed Reverse Repo is draining at an extraordinary rate. The money ($0.5 T so far) is going somewhere...
www.newyorkfed.org
#JPM Earnings A Catalyst For An Upside ExtensionIn this update we review the recent price action in JPMorgan and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
JPMorganstock is breaking through the upper limit!JP Morgan stock is breaking through the upper limit!
This chart shows the weekly level candle chart of JP Morgan stock in the past two years. The graph overlays the top to bottom golden section at the end of 2021. As shown in the figure, the low point of JP Morgan stock at the end of 2022 happens to be around 3.414 points in the golden section, and the high point in November happens to be 1.618 points in the golden section. The high points in January, March, and May this year are exactly 1.382 points in the golden section! Now that JP Morgan stock has broken the upper limit, it is about to test the first wave of low points at the end of 2021 from the top to the bottom!
JPMNYSE:JPM
Might be an ascending triangle into resistance.
On watch.
0.618 weekly Fibonacci retracement (ATH/ATL) right above at 140.98$.
JPM - Rising Trend Channel [MID -TERM]🔹Price surges after double bottom formation break through 124 resistance.
🔹Next resistance at 144.
🔹RSI curve shows rising trend for uptrend.
🔹Technically slightly 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 ❤️
JPMThis is my channel setup with cross hairs of target and expirations for options ideas. I have the indicator to set the 2 zone accumulation boxes that we break and reverse down to if we reject at the top of the rectangle The first green zone is the accumulation for the potential run up.
We have to break above 144-149 chop to start signal our bullish divergence if we fall below 130 we will watch for a theta burn CUP drop accumulation move menaing this was a bulltrap accumulation setup and have to look at the contraction point 98-112. This is macro so its a funnel opportunity
"Potential Downward Trend in JPMorgan Chase (JPM) Stock - A Put Our analysis of the JPMorgan Chase (JPM) stock, utilizing the Rising Wedge method, indicates a potential downward trend in the near term. The Rising Wedge is a bearish pattern and often signals a reversal in the uptrend, especially when formed in an overall bearish market context.
The current trading price of JPM is around $142.32. Considering the bearish trend indicated by the Rising Wedge, a Put Option could be a strategic play here. We recommend selling at a strike price of $141.30.
Following this potential downtrend, a Call Option could provide an excellent opportunity to capitalize on subsequent market adjustments. Please stay tuned for further analysis and specific Call Option strategies as market conditions evolve.
Mid-Range Trade opportunity on JP MorganHere is a good trade opportunity on JP Morgan.
I will wait for the breakout of the resistance level and then enter after a successful retest to the resistance level, and if it fails to break the resistance level and breaks the lower trend I will Exit and close the trade.
1- You can get around 11% profit easily.
2- It might take 1-2 months.
3- There is also a dividend declared by the company ( Ex-date: 5th July 2023).
4- This is one of the most reputed and large-cap companies, so it should be considered safe!
5- Follow the instructions on the chart carefully, Feel free to modify the trade according to your risk.
Disclaimer: This is not a piece of investment advice and I am not a certified financial advisor, I just found an opportunity and thought it would be great to share it with the community, Invest at your own risk, and feel free to modify the trade according to your risk profile.
AD ascending Raising Target to $170 added to position Looking at the AD, we see an Ascending Patterning (rising Money).. Looking for JPM to retest resistances level near both C and X leg where it sold off. Price Target is $170
long term going above $180+ uptrend still in tact buy the dipslooking for another breakout set up on jpm, from a c wave buy.. buy zones $119, $143 is breakout level... but im a buyer of the dips on jpm for the long term. Notice the continuation of the upward trend (seen in the parallel channel) you can then count 2 sets of Elliott waves (which can be argued against) ..There are multiple time frames such as the 1hr, 30mi, and the 4hr time. what starts on smaller time frames leads to bigger times frames until there is an invalidation.. the uptrend is not invalidated as of yet..a breakout above 143 sets up the weekly and monthly time frame breakouts, which of course takes longer...
$JPM looking for strong second half of 2023NYSE:JPM with a strong bounce off of the monthly fair value gap on high volume. This could start to see some relative strength in the future!
Not financial advice
Trading JPM in current range.JPMorgan Chase - 30d expiry - We look to Buy at 134.65 (stop at 131.65)
We look to trade the current range.
This is currently an actively traded stock.
This stock has seen good sales growth.
The primary trend remains bullish.
Bespoke support is located at 134.50.
Our profit targets will be 142.15 and 144.15
Resistance: 141.50 / 143.37 / 144.34
Support: 138.13 / 136.50 / 134.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Symmetrical TriangleTop line slopes down and bottom line slopes up.
Neutral until broken
No recommendation
