The Greedy Trader Weekly Analysis
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Money Center Banks Industry Technical Analysis

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- 12/6/2019 -
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J.P. Morgan Chase & Co. (JPM)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index bearish divergence
Daily :Broken trend support lineWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceBearish Deliberation CandlestickThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a third consecutive positive week for the J.P. Morgan Chase & Co. (JPM). During the week, the JPM gained 3.28 points, or 2.49%, and closed at 135.04 on Friday, December 6, 2019. It was the best weekly gain since October 25, 2019. Weekly volume was -43% below average.

Long-term trend: [See JPM long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 91.11 and reached 135.78 on December 6, 2019. JPM gained -44.67 points, or -49.03%, in 49 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (114.33) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See JPM medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 104.34 and reached 135.78 on December 6, 2019. JPM gained -31.44 points, or -30.13%, in 16 weeks. Price is near the trend high.

Weekly Technical Indicators: [See JPM weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 6, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See JPM short-term trend chart]
A short-term uptrend had started on October 3, 2019 at 110.52 and reached 135.78 on December 6, 2019. JPM gained -25.26 points, or -22.86%, in 64 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (139.67) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See JPM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is below its signal line since November 12, 2019. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.62% on Friday. It is 50.55% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See JPM candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.86
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 74.01
Bearish
Greed/Fear Indicator (GFI) 77.94
Moving Average Converg./Diverg. (MACD) 2.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.04
Overbought Bearish
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 94.62
Strong Overbought
Greed/Fear Indicator (GFI) 85.29
Overbought
Moving Average Converg./Diverg. (MACD) 3.90
Trading Signals
Description Value Chart
Weekly Trendline Resistance 144.71
Weekly Trendline Support 139.67
Price 135.04
Weekly Stochastic Crossing 134.63
Daily Stochastic Crossing 134.04
Upper Bollinger Band 133.57
20 Day Moving Average 130.81
Parabolic System 128.75
Lower Bollinger Band 127.35
Quarterly Trendline Resistance 126.63
50 Day Moving Average 124.93
Quarterly Trendline Support 114.33
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Money Center Banks 149
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.42
Low Date 11/13/2019
High 135.78
High Date 12/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 144.71
Support 139.67
Low 110.52
Low Date 10/03/2019
High 135.78
High Date 12/06/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.34
Low Date 08/15/2019
High 135.78
High Date 12/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 126.63
Support 114.33
Low 91.11
Low Date 12/26/2018
High 135.78
High Date 12/06/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.96
Low Date 03/06/2009
High 135.78
High Date 12/06/2019
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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