JPMorgan Chase Navigates Steady Trading Range Amid Mixed Market Signals
Update: 2024-11-12
Description
**JPMorgan Chase (JPM) Analysis**
1. **Current Price and Intraday Trading Range**: As of November 11, 2024, JPMorgan Chase traded at $237.18, with an intraday high of $239.14 and a low of $236.18[5][4].
2. **Pre-market and After-hours Movement**: There is no specific data available on pre-market and after-hours movement in the provided sources, but it is noted that JPMorgan Chase has seen a 0.83% increase since the previous trading session[5].
3. **Trading Volume vs Average**: The trading volume on November 5, 2024, was 4,968,793 million shares, but there is no comparison to the average volume in the provided sources[2].
4. **Recent News or Announcements**: There have been no major news or announcements in the last 24 hours. However, recent news includes JPMorgan Chase paying a $151 million fine for failing to act in clients' best interest and the company's Q3 earnings report, which exceeded expectations[2][4].
5. **Major Analyst Updates or Price Target Changes**: There are no recent analyst updates or price target changes mentioned in the provided sources.
6. **Options Flow Activity**: There is a mention of a bullish calendar call spread with 157% upside, but no detailed analysis of options flow activity[2].
7. **Related Semiconductor/AI Sector News**: There is no direct impact of semiconductor/AI sector news on JPMorgan Chase mentioned in the provided sources. However, JPMorgan Chase did comment on Intel's mid-term targets being "unattainable"[2].
8. **Key Technical Indicators for Day Trading**:
- **Support and Resistance**: The support price is $217.09 and resistance is $222.47 based on a 1-day standard deviation move[2].
- **Market Sentiment**: JPMorgan Chase has outperformed the market in the last year with a return of +58.0%, and in the last 3 months with a return of +14.2%, but underperformed in the most recent 2 weeks with a return of -1.2%[2].
- **Beta and Correlation**: JPMorgan Chase has a beta of 0.66, indicating it is less sensitive to market movements, and a correlation of 0.16 to the SPY ETF[2].
**Market Sentiment**: Overall, the market sentiment for JPMorgan Chase is positive, with significant gains over the last year and quarter. However, recent short-term performance has been slightly underwhelming. Key technical indicators suggest a stable trading range, but investors should monitor for any changes in market conditions.
1. **Current Price and Intraday Trading Range**: As of November 11, 2024, JPMorgan Chase traded at $237.18, with an intraday high of $239.14 and a low of $236.18[5][4].
2. **Pre-market and After-hours Movement**: There is no specific data available on pre-market and after-hours movement in the provided sources, but it is noted that JPMorgan Chase has seen a 0.83% increase since the previous trading session[5].
3. **Trading Volume vs Average**: The trading volume on November 5, 2024, was 4,968,793 million shares, but there is no comparison to the average volume in the provided sources[2].
4. **Recent News or Announcements**: There have been no major news or announcements in the last 24 hours. However, recent news includes JPMorgan Chase paying a $151 million fine for failing to act in clients' best interest and the company's Q3 earnings report, which exceeded expectations[2][4].
5. **Major Analyst Updates or Price Target Changes**: There are no recent analyst updates or price target changes mentioned in the provided sources.
6. **Options Flow Activity**: There is a mention of a bullish calendar call spread with 157% upside, but no detailed analysis of options flow activity[2].
7. **Related Semiconductor/AI Sector News**: There is no direct impact of semiconductor/AI sector news on JPMorgan Chase mentioned in the provided sources. However, JPMorgan Chase did comment on Intel's mid-term targets being "unattainable"[2].
8. **Key Technical Indicators for Day Trading**:
- **Support and Resistance**: The support price is $217.09 and resistance is $222.47 based on a 1-day standard deviation move[2].
- **Market Sentiment**: JPMorgan Chase has outperformed the market in the last year with a return of +58.0%, and in the last 3 months with a return of +14.2%, but underperformed in the most recent 2 weeks with a return of -1.2%[2].
- **Beta and Correlation**: JPMorgan Chase has a beta of 0.66, indicating it is less sensitive to market movements, and a correlation of 0.16 to the SPY ETF[2].
**Market Sentiment**: Overall, the market sentiment for JPMorgan Chase is positive, with significant gains over the last year and quarter. However, recent short-term performance has been slightly underwhelming. Key technical indicators suggest a stable trading range, but investors should monitor for any changes in market conditions.
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