JP Morgan stock: buy or sell

JPM stock price: $150.91 0.23% At close on Mar 5th, 2021

Updated on:
Mar 7th, 2021

2

JP Morgan stock brief

  • After making all-time highs last Wednesday, JP Morgan closed on Friday at $150.91 slightly changing a 0.23%
  • JPMorgan Chase & Co. operates as a financial services company worldwide.

Should I buy JP Morgan stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $JPM stock a buy?

In the current situation of JP Morgan there is not any eligible buy setup. This doesn't mean $JPM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell JP Morgan stock?

"To sell or not to sell", if you are holding JP Morgan stock?. Like when we have to buy shares, deciding when is the best time to sell is not a random decision, and we must follow our own trading style. Our trading system selects very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies should not be used for selling short $JPM stock

A guiding principle is that you should never keep an open trade that yields losses greater than those expected at the time of the buy. The timing to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell JP Morgan stock?

In the current situation of JP Morgan there is not any eligible sell setup, so JP Morgan stock holders with operations in profit can keep their positions

JP Morgan ratings

In the last 30 days, just one rating was published for JP Morgan

JP Morgan analysts' ratings - Last month
Brokerage firmRating
Mar 1st, 2021
Morgan Stanley Sell

JP Morgan stock analysis

Since in September 2020, JP Morgan has been drawing an uptrend that by now marked an amazing 67.88%. During this uptrend, the price gave some buy points on the breakouts. Latest pullback was last January, when price bounced at $127.35. In mid-February, JP Morgan broke out above its last top ($142.75) giving a good entry point

$JPM at Highs

JP Morgan did it again, and reached all-time highs (ATH) last Wednesday at $154.98. Stock surged fast in the last 10 sessions, hiting new all-time highs 4 times

SMAs overview

JPM stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $142.75 (-5.41% below)
  • S2: $135.72 (-10.07% below)
  • S3: $134.30 (-11.01% below)
  • Bollinger bands

    Since the price surpassed the upper band on February 24, the price has corrected downwards by 1.85%

    JPM stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on February 26 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Friday was 63.99. JP Morgan stock scarcely moved a 0.18% since that level was lost

    JPM stock RSI chart

    JP Morgan stock price history

    JP Morgan IPO was on Mar 17th, 1980 priced at $0.00 per share1. Since then, JPM stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on Mar 1980 would worth $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    JPM stock price history chart

    Price target for JP Morgan stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and many times. If you are a small trader you shouldn't invest based on these price targets.

    There is just one price target issued for JP Morgan that predicts a price of $150.00.

    JP Morgan stock price predictions
    Brokerage firmPrice target
    Mar 1st, 2021
    Morgan Stanley $142.00$150.00

    Earnings and financials

    JP Morgan ($JPM) had the earnings event and released the report last January. JP Morgan beat market estimates and presented of $3.79, that is a 44.66% improvement compared to the previous predictions of $2.62. Similarly, reported revenues were $30.2 billion versus estimates of $28.7 billion.

    This compares to Earnings of $2.57 per share a year ago, so reported EPS is an improvement of 47.47%. Turnover skyrocketed a 15.65% on an annualized basis in the , from $269.0B to $311.1B last quarter.

    JP Morgan ($JPM) is hosting the quarterly earnings call mid next April. Analysts forecast of $2.78, that is a 26.65% less than Q4.

    JP Morgan competitors

    JP Morgan is classified inside the Financial sector and the Banks - Diversified industry, where it has industry peers.

    The following are JP Morgan main competitors:

    JP Morgan competitors
    CompanyMarket capRatingBullish ratings1
    JP Morgan ($JPM) $459.3B Sell 0
    Bank of America ($BAC) $315.1B Sell 0
    Wells Fargo ($WFC) $154.4B Buy 3
    Citi ($C) $146.2B Buy 2
    HSBC (HSBC) $119.6B Neutral 0
    U.S. Bancorp ($USB) $76.1B Neutral 0
    PNC Financial Services ($PNC) $74.5B Neutral 0
    Barclays (BCS) $41.0B Buy 2
    Deutsche Bank (DB) $25.6B Sell 0

    1 In the last 30 days.

    JP Morgan performance

    To better understand JP Morgan performance you must compare its gains with other related stocks in same sector or industry.. For JP Morgan, the benchmark is made against Bank of America, Wells Fargo, Citi, HSBC, U.S. Bancorp, PNC Financial Services, Barclays and Deutsche Bank.

    JPM performance compared
    Company1m3m6m
    JP Morgan ($JPM) 11.40% 24.70% 48.50%
    Bank of America ($BAC) 16.70% 28.20% 42.50%
    Wells Fargo ($WFC) 17.40% 29.70% 52.10%
    Citi ($C) 14.10% 23.40% 36.70%
    HSBC (HSBC) 14.30% 8.90% 43.60%
    U.S. Bancorp ($USB) 16.70% 18.30% 41.10%
    PNC Financial Services ($PNC) 15.00% 26.30% 57.90%
    Barclays (BCS) 21.00% 21.80% 69.00%
    Deutsche Bank (DB) 22.40% 7.90% 33.60%

    Important:
    The opinions expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the individual situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for education purposes only

    JP Morgan summary

    Friday, March 5th, 2021
    Open$153.22
    Close$150.91
    Day range$147.97 - $153.49
    Previous close$150.56
    Session gain0.23%
    Average true range$4.49
    50d mov avg$137.28
    100d mov avg$123.96
    200d mov avg$110.28
    Earnings dateApril 13th, 2021

    Frequently asked questions

    What is JP Morgan stock symbol?

    JPMorgan Chase & Co. is a public company trading in the US stock market with the JPM symbol

    Is JP Morgan stock a buy or sell?

    JP Morgan had one rating in the last four weeks Read the article to get additional tips on trading JPM stock.

    Will JPM go up?

    JP Morgan had different price predictions published by market analysts in the last 4 weeks forecasting the target price to $150.00. That is a 0.60% than the current price ($150.91).