JP Morgan stock: buy or sell

JPM stock price: $151.70 0.17% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

JP Morgan stock brief

  • JP Morgan stock merely changed 0.17% to close at $151.70 on the stock market on Wednesday.
  • Looking at the chart, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. this downtrend marked a -8.88% loss.
  • JPMorgan Chase & Co. operates as a financial services company worldwide.

Should I buy JP Morgan stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

Currently, JP Morgan stock doesn't match any of these trading strategies, so our recommendation is not to buy now. 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?

When is it time to sell JP Morgan?. Trading strategies prevent us from making impulsive decisions based on our personal sentiments or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting JP Morgan stock

A guiding principle is that you must never keep a trading operation that generates losses greater than those expected upon the buy. When to sell shares must 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 we couldn't find any rating for JP Morgan

JP Morgan stock analysis

From a technical standpoint, JP Morgan continues in downtrend since early June, and has accumulated a selloff of -8.88%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.

SMAs overview

JPM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $156.35 (3.07% above)
  • R2: $159.16 (4.92% above)
  • R3: $159.82 (5.35% above)
  • The current support levels are:

  • S1: $147.24 (-2.94% below)
  • S2: $146.71 (-3.29% below)
  • S3: $145.85 (-3.86% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price bounced off by 4.11%. The price is moving near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a bullish indicator, as price can move in these levels for many days and weeks

    JPM stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold level of 30 in mid-June after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI value on Wednesday was 46.52

    JPM stock RSI chart

    JP Morgan stock price history

    JP Morgan started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, JPM stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in JP Morgan stock on the IPO, it would worth $inf today.

    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 issue their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and many times. Again, these forecasts are not direct recommendations for small investors and should not be followed blindly.

    In the previous month we couldn't find any price target posted for JP Morgan stock.

    Earnings and financials

    JP Morgan ($JPM) hosted the quarterly investors call and presented the report on July 13. JP Morgan surpassed market estimates and posted of $3.78, that is a 18.13% better than expected versus the initial estimates of $3.20. Aligned to this, reported sales were $31.4 billion compared to estimates of $30.0 billion.

    Same quarter one year ago, reported EPS was $1.38, so recently reported EPS means an improvement of 173.91%. Looking at turnover, figures skyrocketed a 45.57% compared to $225.1B same quarter a year ago.

    JP Morgan ($JPM) will host the earnings call next October. Forecasted for this quarter is $2.88, compared to $3.78 that was reported for Q2.

    JP Morgan performance

    JPM performance compared
    Company1m3m6m
    JP Morgan ($JPM) -1.60% -0.60% 18.10%

    Important:
    The viewpoints given in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular conditions of the reader, his or her finances 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 Thoughts are published for learning reasons only

    JP Morgan summary

    Wednesday, July 28th, 2021
    Open$152.29
    Close$151.7
    Day range$150.88 - $152.77
    Previous close$151.45
    Session gain0.17%
    Average true range$4.74
    50d mov avg$156.34
    100d mov avg$154.81
    200d mov avg$138.72
    Earnings dateOctober 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 no ratings in the last 30 days Read the article to get additional tips on trading JPM stock.

    Will JPM go up?

    There were no forecasts published by analysts in the last 30 days for JP Morgan.