JPMorgan Chase Holds Strong Amid Market Volatility
Listen now
Description
**JPMorgan Chase (JPM) Analysis** 1. **Current Price and Intraday Trading Range**: As of November 5, 2024, JPM's stock price is $236.98, with a recent trading range of $221.49 to $247.07[1][2]. 2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is available in the provided sources. 3. **Trading Volume vs Average**: The trading volume on November 5, 2024, was 4,968,793 shares, slightly below the 90-day average of 8,630,598 shares[1]. 4. **Recent News or Announcements**: Recent news includes JPMorgan Chase paying a $151 million fine for failing to act in clients' best interest[1]. Additionally, there are mentions of potential policy impacts on tech stocks following the U.S. elections[1]. 5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes are mentioned in the provided sources. 6. **Options Flow Activity**: A bullish calendar call spread with 157% upside is noted, indicating positive sentiment[1]. 7. **Related Sector News**: There is no direct semiconductor/AI sector news affecting JPMorgan Chase in the provided sources. 8. **Key Technical Indicators for Day Trading**: - **Moving Averages**: JPM is above its 20-day, 50-day, and 200-day simple and exponential moving averages, indicating a strong buy signal[3]. - **Support and Resistance**: The support price is $217.09, and resistance is $222.47, based on a one standard deviation move[1]. - **Market Sentiment**: The overall sentiment is bullish, with JPM outperforming the market in the last year and three months, though underperforming slightly in the last two weeks[1]. **Summary**: JPMorgan Chase's current stock price is $236.98, with a recent trading range indicating volatility. The stock has a strong buy signal based on moving averages and has outperformed the market in the last year and three months. Recent news includes a $151 million fine and potential policy impacts on tech stocks. The overall market sentiment is bullish, with a noted bullish calendar call spread indicating positive options flow activity.
More Episodes
JPMorgan Chase Stock Shows Resilience Amid Market Fluctuations November 22, 2024 - JPMorgan Chase (JPM), the largest U.S. bank by assets, continues to demonstrate market strength despite recent price fluctuations. The banking giant's stock closed at $240.78 on Wednesday, showing a slight retreat...
Published 11/22/24
Published 11/22/24
JPMorgan Chase Stock Demonstrates Resilience Amid Market Fluctuations November 21, 2024 - JPMorgan Chase (NYSE: JPM), the largest U.S. bank by assets, continues to show strong market performance as its stock trades near historic highs. Following Wednesday's close at $243.09, the banking giant...
Published 11/21/24