Score 7.6 (out of 10): JPMORGAN CHASE & CO sets up for +5.1% rally in 1 month

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What’s Going On Here?

US banks have pocked big bucks with recent EV automaker Rivian’s IPO. In total, underwriters collected $170m in fees for their services. JPMORGAN CHASE & CO alone pocketed $35.9m in those underwriting fees. In total, JP Morgan as collected $33bn in IPO underwriting fees this year.

Why Now?

JPMORGAN CHASE & CO has triggered a new price range signal. During similar occasions, JPMORGAN CHASE & CO shares had a median return of +5.1%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for JPMORGAN CHASE & CO received a high score of 7.6 (out of 10). This insight was generated on 2021-November-19 with last price of 163.05.

What’s This Asset About?

JPMORGAN CHASE & CO is in the Diversified Banking Inst business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 8.6% more (average). Ticker symbol: JPM US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 171.42 (+5.1%) has been reached. Based on JPMORGAN CHASE & CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 156.25 (last price at 163.05), which is equivalent to a -4.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

11.7% (September-2021), -2.8% (June-2021), 8.2% (April-2021), 2.1% (September-2020), 18.9% (May-2020), -5.2% (January-2020), 12.6% (October-2019), 0.3% (August-2019), 0% (May-2019), 14% (March-2019).

Summary:

Name JPMORGAN CHASE & CO
ViewUp
Star (1 to 10)7.6
Target+5.1%
Time1 month
Hit Rate80%

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