pool adsUsing the Action in Jpmorgan Chase $JPM to our Advantage
Our job as investors is to pay attention to the stocks we own. Part of that involves looking at the fundamentals, but half of the disclosure comes from looking at price action. The Jpmorgan Chase (NYSE: JPM) data table below can help you with price action, and we have more details too. Trading plans for JPM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 0 | 0 | 137.91 |
| P2 | 150.83 | 151.47 | 148.69 |
| P3 | 153.51 | 154.94 | 160.90 |
Support and Resistance Plot Chart for JPM
Long Term Trading Plans for JPM
April 20, 2021, 7:45 am ET
The Technical Summary and Trading Plans for JPM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this JPM Report.
JPM - (Long) Support Plan
The technical summary data tells us to buy JPM near 148.69 with an upside target of 160.90. This data also tells us to set a stop loss @ 148.26 to protect against excessive loss in case the stock begins to move against the trade. 148.69 is the first level of support below 152.65 , and by rule, any test of support is a buy signal. In this case, support 148.69 is being tested, a buy signal would exist.
JPM - (Short) Resistance Plan
The technical summary data is suggesting a short of JPM as it gets near 160.90 with a downside target of 148.69. We should have a stop loss in place at 161.36though. 160.90 is the first level of resistance above 152.65, and by rule, any test of resistance is a short signal. In this case, if resistance 160.90 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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