JPM is one of the biggest banks in the United States and the world’s largest bank by market value (as of 2023). It was created in 2000 by combining two predecessor firms, J.P. Morgan & Co. and Chase Manhattan Corporation.
The company is based in New York City and plans to move into a new building in 2025.JPMorgan Chase and Co operates in four segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking, and Asset and Wealth Management
JPMorgan Chase & Co stock price wowed the market in the past week’s trading sessions. Last week, JPM’s stock price picked up the pace. JPMorgan Chase & Co stock emerged from an ascending triangle pattern and is trading higher.
By analyzing the price data of the JPM Stock, it can be seen that it is in an uptrend. The profit margin of the stock is 34.69%. We can say that JPM is doing well right now. From its 52-week low price of $101.28, it reached $158.79. The current market sentiments are very positive about the stock. The average 3 months volume in JPM is $10.73 Million, and the last 10 days average volume is $13.77 Million.
JPM Stock Price Technical Analysis
The price of JPM stock has risen above 50 and 200 MA, indicating that the price is bullish. The stock price could increase next week if the buyers keep up the momentum.
The MACD is also bullish. The MACD value is 4.19, and the signal value is 3.37, both above the zero line, suggesting bullishness.
The current value of RSI is 73.22 points, and the 14 SMA line is below the median line, around 69.93 points which shows bullish sentiment in the market. The 14 Day SMA line above the median line reveals a bullish trend. The bullish sentiment spreads around the market. Meanwhile, the price is currently in an overbought zone.
Summary
JPM stock price prediction is showing bullish momentum. The price is in an uptrend, and the buyers are in control. The price could rise further in the coming days. The outlook is positive right now. Key reliable indicators such as EMA, RSI, and MACD are bullish on JPM Stock. The interest is increasing among investors because of the excellent performance of the stock lately. The buying volume of JPMorgan Chase & Co is growing. JPMorgan Chase & Co is a stock for the long term and has the potential to create wealth for its investors.
Technical Levels:
Support – The current support level is $145.00.
Resistance –The current resistance levels are $160 and $170.
