How Stock Traders Daily uses Price Action in Jpmorgan Chase $JPM to Define Opportunity and Risk

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Apr 01, 2021 (Stock Traders Daily via COMTEX) — Both opportunity and risk assessments can be drawn from looking at the price action in Jpmorgan Chase (NYSE: JPM). This is a practice commonly referred to as reading the charts. The summary data for JPM below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Bias Strong Neutral Strong
P1 0 0 131.28
P2 152.74 149.66 141.84
P3 155.19 154.95 154.27
Long Term Trading Plans for JPM

April 1, 2021, 1:45 am ET

The Technical Summary and Trading Plans for JPM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this JPM Report.

JPM – (Long) Support Plan

The technical summary data tells us to buy JPM near 141.84 with an upside target of 154.27. This data also tells us to set a stop loss @ 141.43 to protect against excessive loss in case the stock begins to move against the trade. 141.84 is the first level of support below 152.23 , and by rule, any test of support is a buy signal. In this case, support 141.84 is being tested, a buy signal would exist.

JPM – (Short) Resistance Plan

The technical summary data is suggesting a short of JPM as it gets near 154.27 with a downside target of 141.84. We should have a stop loss in place at 154.72though. 154.27 is the first level of resistance above 152.23, and by rule, any test of resistance is a short signal. In this case, if resistance 154.27 is being tested, a short signal would exist.


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The MarketWatch News Department was not involved in the creation of this content.