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- 1 JPM stock price increased by 2.26% over the past week and the current volume is above average volume.
- 2 JP Morgan Chase & Co. (NYSE: JPM) stock’s 52-week price range is $123 – $159.
JP Morgan stock has not performed well in the last month, decreasing by 0.48% and surging by 5.54% in the last six months. JP Morgan Chase & Co. (NYSE: JPM) stock has a positive year-to-date return of 11.53% and a positive one-year return of 24.51%. The average volume is 8.552 Million and the current volume is 10.3 Million where the current volume is below average volume.
Moreover, JP Morgan Chase & Co. (JPM) stock market capitalization is $438.325 Billion and the total revenue is $157.542 Billion. Moreover, the stock’s basic EPS is $15.57 and the price-to-earnings ratio is 9.96.
JPMorgan Chase company has total assets of $3,868.2 Billion and total equity of $312.5 Billion, as reported by Simply Wall St. Total deposits in JPM are $2,399.0 Billion, and total loans of the company are $1,315.3 Billion.
JP Morgan Chase & Co. (JPM) earns a Net Interest Margin of 2%. JPM has a sufficient allowance for bad loans, which are currently at 0.5% of total loans. JPM’s Cash and short-term investments are $1,432.1 Billion.
Technical Analysis of JPM Stock Price in 1-D Timeframe
The price action shows that JP Morgan Chase & Co. (NYSE: JPM) stock price took support at $137 and has been on an inclining trend for the last three months, increasing by 10.99% making higher highs and higher lows.
At the time of writing, JPM stock is trading at around $150.83 and took a pullback from ATH resistance around $159.02 and started declining.
Therefore, if the JPM price fails to sustain the current level and drops, it might hit the nearest support levels of $149.20 and $144.65.
However, if it maintains the current level, the JPM price could continue to move upward and reach the first and second resistances of $153.43 and $159.02 respectively.
At the time of publishing, JP Morgan Chase & Co. (NYSE: JPM) is trading below the 20-day EMA (exponential moving average), which rejects the JPM price trend.
However, 50, 100, and 200-day EMA is supporting the trend. If more selling volume adds up, then the price might conquer supporting EMA’s by making lower highs and lows.
Hence, the JPM price is expected to move downwards showing a bearish overview over the daily time frame chart.
The current value of RSI is 43.98 points. The 14 SMA is above the median line at 60.73 points which indicates that JP Morgan stock is in bearish territory and the RSI line took rejection from 14 SMA and is headed towards an oversold zone highlighting bearishness.
The MACD line at 1.35 and signal line at 2.37 are below the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which signals bearishness for the JP Morgan stock price.
Summary
JP Morgan Chase & Co. (NYSE: JPM) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of JP Morgan stock price also support bearishness. The MACD, RSI, and EMA highlight negative signals and imply that a downtrend may continue in JP Morgan stock price.
Technical Levels
- Support levels: $149.20 and $144.65
- Resistance levels: $153.43 and $159.02
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
