Score 8.2 (out of 10): JPMORGAN CHASE & CO indicates to return +3.8% rally in 2 weeks

112

What’s Going On Here?

The regulators have hit JPMORGAN with a $200m fine for letting employees use WhatsApp to evade regulators’ reach. Federal law requires financial firms to keep meticulous records of electronic messages between brokers and clients.

Why Now?

JPMORGAN CHASE & CO appears to have reached a potential bottom. During similar occasions, JPMORGAN CHASE & CO shares had a median return of +3.8%, over the following 2 weeks – 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 8.2 (out of 10). This insight was generated on 2021-December-21 with last price of 153.94.

What’s This Company 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 Less Risky. ‘Wall Street’ analysts think the stock price will be worth 16.4% more (average). Ticker symbol: JPM US.

What’s My Risk / Reward and Time Horizon?

We found 2 weeks 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 159.8 (+3.8%) 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 145.14 (last price at 153.94), which is equivalent to a -5.7% 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:

8.4% (September-2021), 2.1% (July-2021), 7.4% (April- 2021), 9.8% (September-2020), 2.7% (January-2020), -1% (August-2019), 5% (March-2019), – 1.8% (October-2018), 0.1% (March-2018), 7.2% (September-2017).

Historical Chart:

———————————————————————

Summary:

NameJPMORGAN CHASE & CO
ViewUp
Star (1 to 10)8.2
Target+3.8%
Time2 weeks
Hit Rate80%

Leave a Reply