$JPM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $JPM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
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JPM trade ideas
JP Morgan earnings on 1/14 at 6:50amJP Morgan Chase (JPM) Q4 December 2021 earnings are on 1/14 at 6:50am. JP Morgan Chase (JPM) reported Q3 September 2021 earnings of $3.74 per share on revenue of $31 billion. JPMorgan Chase had $3.8 trillion in assets and $290 billion in stockholders equity as of September 30, 2021. The setup for bulls was better a few days ago, now it's likely a better setup for bears. With that said, I'm neutral leaning bullish here because of the institutional rotation into financials for 2022, Fed quantitative easing tapering and anticipated rate hikes, along with a possible Q4 earnings flat, but with a positive Q1/2022 earnings guidance in the conference call. Here's the 1 day price levels.
Q4 Consensus:
EPS = $2.97
Revenue = $29.71B
P/E = 10.62
Div /Yld = 2.205
52 week high = $172.96
52 week low = $123.77
SMA200 = $159.29
SMA150 = $160.16
SMA100 = $162.73
SMA50 = $163.27
breakout = $167.53
R3 = $165.16
R2 = $162.79
R1 = $160.42
pivot = $158.05
S1 = $155.68
S2 = $153.31
S3 = $150.94
breakdown = $148.57
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7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
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+5% portfolio trades, capital risk management
Beware of analyst's motives
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Lack of planning & discipline
Forgetting restraint
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pi RSI - trend momentum
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JPM JPMorgan Chase Neutral1- CCI 20 is perfectly over 140. (sideway )
2- a little close to Resistance than support. ( little bearish )
3- The red line is over the White line of “ACL” (self-made indicator) .( Bullish ) (ADL indicator)
4- "Multi analyzer" (self-made indicator) is uptrend and is 5 right now. ( Bullish )
5- Close is over the red and white line ( Bullish )
6- Mid-term channel (LR of 9months) is ascending (Bullish )
7- Long-term trend is Bullish ( little Bullish )
8- In bottom half of Mid-term channel ( bearish )
9- around middle of channel ( little bearish )
Overly , Bulls are stronger
Buying is suggested in reaction to bottom of the channel.
Buying is also suggested after breaking the resistance around 173$
SL: depend on the setup (I will clarify later)
TP1 : depend on the setup (I will clarify later)
TP2: depend on the setup (I will clarify later)
Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically)
Fair Price to Intrinsic Value: 2.72
To summarize my fundamental opinion on this stock:
A little bad ( a little bearish)
In case of good stocks I prefer to be an investor not a trader, but trading with lower Trading with smaller amounts can increase the overall profitability without any unreasonable risk.
JPM bearish Elliot waves After making a high on the harmonic butterfly pattern JPM has reached a critical inflection point where we're probably going to see either the trend continue or an important break. A breaking of the current support might give us our 5th wave in an Elliot based drop. If that's the case, then the next rally can turn into a huge bull trap.
JPMorgan ChasePotential double bottom setup here. I like this companies financials. It's a credit card company so I'm thinking about the attractiveness of reward points and holiday spending. Even though it's not estimated to be a great holiday season for some, I'm more so thinking about the surcharges and end of month billing here. Chase is also a bank on top of that and just in case they raise interest rates, this may not be a bad move. I want us to reach anywhere between 50-68% of the previous high which was set inn October. I love financials around this time of the year. Let's see what happens!
Not Advice!
Only an Idea!
This trade may end up going wrong. That's the nature of trading! Let's keep getting better!
JPM loses trendline support JPM and C have the most bearish charts of all the banks ..
Here you can see by the volume that Investors have been dumping this since NOV. Closed below trendline support but but bounced off its weeklys 50sma. if it falls below that weekly 50sma we are headed back to 141support.
This chart actually goes contrary to my view of XLF rallying. I'll have reevaluate XLF is JPM loses its 50sma
JPM - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( JPM ) !
-
4 HOUR
Small pullback towards previous support zone.
DAILY
Expecting more upside pressure now!
WEEKLY
Market looking for a turn..
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STOCK SETUP
BUY JPM
ENTRY LEVEL @ 167.48
SL @ 158.14
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
JPM Buy - Bullish Upwards Channel - At key support level JPM has been in bullish upwards channel since it hit double bottom on Jul 20. Recently it is testing lower end of the channel, which is a good buy zone right now. Short term traders can play the channel lows and highs. Mid and Long terms investors can accumulate on channel lows. All bank stocks will run hot in 2022, as Fed starts raising interest rates to control inflation.