The Greedy Trader Weekly Analysis
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J.P. Morgan Chase & Co. (JPM)

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Summary:
Weekly :Oversold industryPrice is near the trend low.
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldMACD bullish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the J.P. Morgan Chase & Co. (JPM). During the week, the JPM climbed 0.07 points, or 0.08%, and closed at 92.66 on Thursday, July 2, 2020. JPM was trading at average weekly trading volume.

JPM is a member of Diversified Banks Industry. Diversified Banks is the tenth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See JPM long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 91.11 and reached 141.10 on January 2, 2020. JPM gained -49.99 points, or -54.87%, in 53 weeks. Price is near the lowest trend level.

Medium-term trend: [See JPM medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 76.91 and reached 115.77 on June 5, 2020. JPM gained -38.86 points, or -50.53%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.19 and resistance is at 121.31. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See JPM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 5, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See JPM short-term trend chart]
A short-term downtrend had started on June 5, 2020 at 115.77 and reached 91.93 on July 2, 2020. JPM lost 23.84 points, or 20.59%, in 27 days. Price is near the trend low.

Daily Technical Indicators: [See JPM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.65
Williams' Percentage Range (W%R) 88.20
Oversold
Lane's Stochastic (%D-Slow) 12.30
Oversold
Greed/Fear Indicator (GFI) 19.58
Oversold
Moving Average Converg./Diverg. (MACD) -0.25 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.83
Williams' Percentage Range (W%R) 71.40
Lane's Stochastic (%D-Slow) 57.61
Greed/Fear Indicator (GFI) 45.61
Moving Average Converg./Diverg. (MACD) -6.80
Trading Signals
Description Value Chart
Upper Bollinger Band 109.05
20 Day Moving Average 99.54
Weekly Stochastic Crossing 99.54
Parabolic System 97.60
50 Day Moving Average 95.86
Daily Stochastic Crossing 93.08
Price 92.66
Weekly Trendline Support 87.19
Lower Bollinger Band 84.45
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Diversified Banks 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 115.77
High Date 06/05/2020
Low 91.93
Low Date 07/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 121.31
Support 87.19
Low 76.91
Low Date 03/19/2020
High 115.77
High Date 06/05/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 141.10
High Date 01/02/2020
Low 76.91
Low Date 03/19/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.11
Low Date 12/26/2018
High 141.10
High Date 01/02/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.96
Low Date 03/06/2009
High 141.10
High Date 01/02/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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