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- 1 JPMorgan Chase & Co (JPM) is trading at $144.50 with a minor dip of 0.10% in the previous trading session.
- 2 JPMorgan Chase & Co’s 52-week price range is $101.28 -147.48.
- 2 The JPM market capitalization is 422.68 Billion.
JPMorgan Chase & Co stock price impressed the market in last week’s trading sessions. Last week, JPM’s stock price picked up the pace.
JPMorgan Chase & Co stock gave a recent breakout from an ascending triangle pattern and is currently trading at a breakout level which may result in retracement for the continuation of the uptrend.
By assessing the price data of the JPM Stock, it can be said that it is in an uptrend. The profit margin of the stock is 32.54%. We can say that JPM is performing well right now. From its 52-week bottom price of $101.28, it peaked at $147.48. The present market sentiments are very optimistic about the stock. The average 3 months volume in JPM is $11 Million.
JPMorgan Chase & Co Technical Analysis
The price of JPM has slipped above 50 and 200 MA, suggesting that the price is bullish. The stock price could increase if the buyers maintain the energy in the forthcoming week.
The MACD is also giving positive signals. The MACD line is at 1.51, and the signal line at 1.15 is above the zero line, suggesting bullishness.
The current value of RSI is 60.98 points, and the 14 SMA line is currently below the median line, around 57.77 points which shows bullish sentiment in the market. The 14 Day SMA line beyond the median line reveals a bullish trend. The bullish sentiment spreads around the market. Meanwhile, the price is currently in an overbought area.
Summary
JPM’s price prediction is bullish. However, the price is near the crucial support, and the buyers dominate. The price may advance more in the upcoming day, showing an optimistic scenario. Major reliable indicators like EMA, RSI, and MACD give positive signals about JPM Stock. The eagerness is rising among investors because of the superior performance of the stock in recent days. The buying volume of JPMorgan Chase & Co is on the rise. JPMorgan Chase & Co is a stock for the long haul and can potentially make a fortune for its investors.
Technical Levels:
Support – The current support level is $144.09.
Resistance –The current resistance levels are $149.15 and 152.85.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
