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Advanced TA SearchArchive
- 4/19/2024 -
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J.P. Morgan Chase & Co. (JPM) Technical Analysis
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| Summary:
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| | It was a first positive week for the J.P. Morgan Chase & Co. (JPM). During the week, the JPM gained 3.01 points, or 1.65%, and closed at 185.80 on Friday, April 19, 2024. Weekly volume was 37% above average.
JPM is a member of Financials Sector. Financials is the most overbought sector. 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 March 6, 2009 at 14.96 and reached 200.94 on April 1, 2024. JPM gained -185.98 points, or -1243.18%, in 786 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 99.45 and resistance is at 212.28. 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 long-term trend.
 Medium-term trend: [See JPM medium-term trend chart]
A medium-term uptrend had started on October 12, 2022 at 101.28 and reached 200.94 on April 1, 2024. JPM gained -99.66 points, or -98.40%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (152.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See JPM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 24, 2023. 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 April 1, 2024 at 200.94 and reached 179.20 on April 17, 2024. JPM lost 21.74 points, or 10.82%, in 16 days. The price is now at the 30.36% retracement level.
 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
A Parabolic SAR (stop and reversal) indicator (186.07) comes close to the price (185.80). It indicates that the trend is getting weaker. 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.
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