JP Morgan Technical Analysis – JP Morgan Trading: 2022-04-19

 JP Morgan Technical Analysis – JP Morgan Trading: 2022-04-19

JP Morgan Technical Analysis.

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JP Morgan Technical Analysis Summary

 Sell Stop։ Below 124.98

Stop Loss: Above 134.85

MA(200) Sell
Parabolic SARSell
Donchian ChannelBuy


JP Morgan Chart Analysis

JP Morgan Technical Analysis

The technical analysis of the JPMorgan stock price chart on daily timeframe shows #S-JPM, Daily is falling under the 200-day moving average MA(200) after testing the resistance line, MA(200) is declining itself. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 124.98. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 134.85. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (134.85) without reaching the order (124.98), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks – JP Morgan

JPMorgan stock fell after mixed quarterly results. Will the JPMorgan stock price continue retreating?

JPMorgan Chase, the largest US bank by assets, was the to report first quarter results this week as earnings season kicked off. The results were mixed: Q1 revenue was better than expected while net income missed Wall Street expectations. The adjusted revenue was $31.59 billion vs. $31.44 billion expected, after $30.35 billion in Q4. Net income for the first quarter was $8.3 billion, down 42% from the same period in 2021 when the bank posted a profit of $14.3 billion. CEO Jamie Dimon said in a statement they remain optimistic “at least for the short term.” Earlier this month he had warned that Russia’s ongoing invasion of Ukraine was expected to slow the US and global economy. JPMorgan downgraded US gross domestic product (GDP) growth estimate to 2.5% from its initial forecast of 3%. And the bank increased credit reserves for potential loan losses by $902 million, warning of “higher probabilities of downside risks.” Despite improved loan growth, with average loans up 5%, and higher net interest income, the difference between the bank’s earnings on its lending activities and interest it pays to depositors – up 7%, Shares of JPMorgan closed down.

Chris Louw

Featured Financial Writer for SA Shares - Read more about Chris's Bio -

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