JP Morgan Technical Analysis | JP Morgan Trading: 2025-01-24 | IFCM Turkey
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JP Morgan Technical Analysis - JP Morgan Trading: 2025-01-24

JP Morgan Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 266.71

Buy Stop

Below 260.12

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2645
IndicatorSignal
RSI Sell
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

JP Morgan Chart Analysis

JP Morgan Chart Analysis

JP Morgan Technical Analysis

The technical analysis of the JPMorgan stock price chart on 4-hour timeframe shows #S-JPM,H4 is rebounding above the 200-day moving average MA(200) after testing it five weeks ago. RSI is in overbought zone though. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 266.71. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 260.12. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (260.12) without reaching the order (266.71), 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 price closed up despite president Trump airing conservative complaints that JP Morgan, Bank of America deny services. Will the JPMorgan stock price continue advancing?

In an address at the World Economic Forum in Davos, Switzerland, via a video link President Donald Trump accused the Bank of America and JPMorgan Chase of not providing banking services to conservatives. There had been earlier complaints by many conservatives aired by congressional Republicans that “the banks are not allowing them to do business within the bank.” Bank of America spokesperson emailed that “we never close accounts for political reasons and don't have a political litmus test." JPMorgan said it has never and would never close an account for political reasons. The spokesperson of biggest US lender wrote "we welcome the opportunity to work with the new Administration and Congress on ways to remove regulatory ambiguity while maintaining our country's ability to address financial crime." Banking industry insiders expect that the criticism could lead to some changes. Expectations of regulation changes that may enable banks to provide more services to more customers is bullish for bank stocks.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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