JPMorgan Chase Holds Strong Amid Market Volatility
Update: 2024-11-11
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.
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.
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