• JPMorgan Chase Exceeds Expectations, Neutral to Bullish Technical Signals

  • Nov 13 2024
  • Length: 2 mins
  • Podcast

JPMorgan Chase Exceeds Expectations, Neutral to Bullish Technical Signals

  • Summary

  • **JPMorgan Chase (JPM) Analysis**

    1. **Current Price and Intraday Trading Range**: JPM's current price is $239.56, with a high of $242.10 and a low of $238.77[1][3].

    2. **Pre-market and After-hours Movement**: No recent pre-market or after-hours data is available in the provided sources.

    3. **Trading Volume vs Average**: The latest available data shows 4,968,793 million shares trading, but no average volume is provided for comparison[4].

    4. **Recent News or Announcements**: JPMorgan Chase recently released its Q3 earnings, which exceeded expectations with earnings per share of $4.97 (expected $3.99) and revenue of $43.4 billion (expected $41.4 billion)[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**: There is a mention of a bullish calendar call spread with 157% upside potential, but no detailed analysis of options flow activity is provided[4].

    7. **Related Sector News**: There is no direct mention of semiconductor/AI sector news affecting JPMorgan Chase in the provided sources.

    8. **Key Technical Indicators for Day Trading**:
    - **Moving Averages**: Neutral[2].
    - **Technical Indicators**: Neutral[2].
    - **Moving Averages Crossovers**: Bullish[2].
    - **Support and Resistance**: Support at $236.05 and resistance at $242.53 based on 1-day standard deviation move[4].
    - **Beta**: 0.37, indicating less sensitivity to market movements[2].

    **Market Sentiment**: The overall sentiment seems to be bullish, with recent earnings exceeding expectations and technical indicators showing neutral to bullish signals. However, recent trading volume and specific analyst updates are not detailed in the provided sources.
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