JP Morgan stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| 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
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Bollinger bands
Since the price surpassed the upper band on February 24, the price has corrected downwards by 1.85%
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
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
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.
| Brokerage firm | Price 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 $2.78, that is a 26.65% less than Q4.
JP Morgan competitors
JP Morgan is classified inside the Financial sector and the Banks - Diversified industry, where it has industry peers.
The following are JP Morgan main competitors:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| JP Morgan ($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) | $25.6B | Sell | 0 |
1 In the last 30 days.
JP Morgan performance
To better understand JP Morgan performance you must compare its gains with other related stocks in same sector or industry.. For JP Morgan, the benchmark is made against Bank of America, Wells Fargo, Citi, HSBC, U.S. Bancorp, PNC Financial Services, Barclays and Deutsche Bank.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| JP Morgan ($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 onlyJP Morgan summary
| Friday, March 5th, 2021 | |
|---|---|
| Open | $153.22 |
| Close | $150.91 |
| Day range | $147.97 - $153.49 |
| Previous close | $150.56 |
| Session gain | 0.23% |
| Average true range | $4.49 |
| 50d mov avg | $137.28 |
| 100d mov avg | $123.96 |
| 200d mov avg | $110.28 |
| Earnings date | April 13th, 2021 |