JP MORGAN CHASE & CO.
JP MORGAN CHASE & CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: JPM
ISIN:

JP MORGAN CHASE & CO. - 1H - Technical analysis published on 04/29/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 94.17 USD
My targets
102.00 USD (+3.75%)
104.80 USD (+6.60%)
My analysis
The bullish trend is currently very strong on JP MORGAN CHASE & CO.. As long as the price remains above the support at 94.17 USD, you could try to benefit from the boom. The first bullish objective is located at 102.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 104.80 USD as an objective. Crossing it would then enable buyers to target 118.68 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The JP MORGAN CHASE & CO. price is 98.31 USD. On the day, this instrument gained +3.17% and was between 97.27 USD and 99.45 USD. This implies that the price is at +1.07% from its lowest and at -1.15% from its highest.

97.27
99.45
98.31

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this JP MORGAN CHASE & CO. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 82.15 87.47 92.36 98.31 98.46 102.00 104.80
Change (%) -16.44% -11.03% -6.05% - +0.15% +3.75% +6.60%
Change -16.16 -10.84 -5.95 - +0.15 +3.69 +6.49
Level Major Intermediate Major - Major Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard90.7692.9094.0996.2397.4299.56100.75
Camarilla94.3794.6894.9995.2995.6095.9096.21
Woodie90.3092.6693.6395.9996.9699.32100.29
Fibonacci92.9094.1794.9696.2397.5098.2999.56


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard81.4184.8787.7991.2594.1797.63100.55
Camarilla88.9689.5490.1390.7191.3091.8892.47
Woodie81.1484.7487.5291.1293.9097.50100.28
Fibonacci84.8787.3188.8191.2593.6995.1997.63


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.0250.0769.5995.64115.15141.20160.72
Camarilla76.5780.7584.9389.1093.2897.46101.63
Woodie20.7648.4466.3294.00111.89139.57157.45
Fibonacci50.0767.4878.2395.64113.04123.79141.20

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 65.75
MACD (12,26,9): 1.7800
Directional Movement: 19.33
AROON (14): 78.57
DEMA (21): 97.45
Parabolic SAR (0,02-0,02-0,2): 95.09
Elder Ray (13): 2.41
Super Trend (3,10): 94.32
Zig ZAG (10): 98.09
VORTEX (21): 1.1100
Stochastique (14,3,5): 87.03
TEMA (21): 98.55
Williams %R (14): -24.35
Chande Momentum Oscillator (20): 3.57
Repulse (5,40,3): -0.9900
ROCnROLL: 1
TRIX (15,9): 0.2400
Courbe Coppock: 9.23
MA7: 92.39
MA20: 91.82
MA50: 99.33
MA100: 117.15
MAexp7: 97.38
MAexp20: 95.27
MAexp50: 93.41
MAexp100: 92.56
Price / MA7: +6.41%
Price / MA20: +7.07%
Price / MA50: -1.03%
Price / MA100: -16.08%
Price / MAexp7: +0.96%
Price / MAexp20: +3.19%
Price / MAexp50: +5.25%
Price / MAexp100: +6.21%

This member declared not having a position on this financial instrument or a related financial instrument.

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