The Greedy Trader Weekly Analysis
Sign In Dec 6, 2019
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

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 overbought
Daily :Broken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the J.P. Morgan Chase & Co. (JPM). During the week, the JPM climbed 0.97 points, or 0.74%, and closed at 131.76 on Friday, November 29, 2019. Weekly volume was -54% 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 132.43 on November 27, 2019. JPM gained -41.32 points, or -45.35%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (113.84) 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 132.43 on November 27, 2019. JPM gained -28.09 points, or -26.92%, in 14 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. 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 132.43 on November 27, 2019. JPM gained -21.91 points, or -19.82%, in 55 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (134.54) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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 (3.52%) is close to one year low (3.49%). It is 62.45% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.89
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 87.64
Overbought
Greed/Fear Indicator (GFI) 79.27
Moving Average Converg./Diverg. (MACD) 2.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.29
Overbought
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 94.41
Strong Overbought
Greed/Fear Indicator (GFI) 86.53
Overbought
Moving Average Converg./Diverg. (MACD) 3.52
Trading Signals
Description Value Chart
Weekly Trendline Resistance 140.59
Weekly Trendline Support 134.54
Daily Stochastic Crossing 132.00
Price 131.76
Upper Bollinger Band 131.50
Weekly Stochastic Crossing 131.29
20 Day Moving Average 129.98
Parabolic System 128.73
Lower Bollinger Band 126.88
Quarterly Trendline Resistance 126.13
50 Day Moving Average 123.50
Quarterly Trendline Support 113.84
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Money Center Banks 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.42
Low Date 11/13/2019
High 132.43
High Date 11/27/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 140.59
Support 134.54
Low 110.52
Low Date 10/03/2019
High 132.43
High Date 11/27/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.34
Low Date 08/15/2019
High 132.43
High Date 11/27/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 126.13
Support 113.84
Low 91.11
Low Date 12/26/2018
High 132.43
High Date 11/27/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.96
Low Date 03/06/2009
High 132.43
High Date 11/27/2019
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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