Jpmorgan Chase $JPM Trading Report

October 12, 2023, 19:45 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for JPM

• Buy JPM slightly over 140.68 target 149.97 stop loss @ 140.27 Details

The technical summary data tells us to buy JPM near 140.68 with an upside target of 149.97. This data also tells us to set a stop loss @ 140.27 to protect against excessive loss in case the stock begins to move against the trade. 140.68 is the first level of support below 145.35 , and by rule, any test of support is a buy signal. In this case, support 140.68 would be being tested, so a buy signal would exist.

• Short JPM slightly under 149.97, target 140.68, stop loss @ 150.4 Details

The technical summary data is suggesting a short of JPM as it gets near 149.97 with a downside target of 140.68. We should have a stop loss in place at 150.4though. 149.97 is the first level of resistance above 145.35, and by rule, any test of resistance is a short signal. In this case, if resistance 149.97 is being tested, so a short signal would exist.

Swing Trading Plans for JPM

• Buy JPM slightly over 146.86, target 149.97, Stop Loss @ 146.44 Details

If 146.86 begins to break higher, the technical summary data tells us to buy JPM just slightly over 146.86, with an upside target of 149.97. The data also tells us to set a stop loss @ 146.44 in case the stock turns against the trade. 146.86 is the first level of resistance above 145.35, and by rule, any break above resistance is a buy signal. In this case, 146.86, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JPM slightly near 146.86, target 142.67, Stop Loss @ 147.28. Details

The technical summary data is suggesting a short of JPM if it tests 146.86 with a downside target of 142.67. We should have a stop loss in place at 147.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 146.86, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for JPM

• Buy JPM slightly over 145.87, target 146.86, Stop Loss @ 145.53 Details

If 145.87 begins to break higher, the technical summary data tells us to buy JPM just slightly over 145.87, with an upside target of 146.86. The data also tells us to set a stop loss @ 145.53 in case the stock turns against the trade. 145.87 is the first level of resistance above 145.35, and by rule, any break above resistance is a buy signal. In this case, 145.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JPM slightly near 145.87, target 142.67, Stop Loss @ 146.21. Details

The technical summary data is suggesting a short of JPM if it tests 145.87 with a downside target of 142.67. We should have a stop loss in place at 146.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 145.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Jpmorgan Chase (JPM) available here: JPM.

JPM Ratings for October 12:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	140.68
P2	145.87	142.67	149.97
P3	147.73	146.86	158.32

AI Generated Signals for JPM

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Technically, Jpmorgan Chase (NYSE: JPM) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for JPM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if JPM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for JPM too.  All of these are offered below the Summary Table.