Score 8.3 (out of 10): JPMORGAN CHASE & CO poised to rally +3.5% rally in 2 weeks

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What’s Going On Here?

JPMORGAN CHASE tend to perform well when net interest margins increase. With the recent inflationary pressures and the subsequent interest rate hikes, banks – such as JPMORGAN CHASE – could benefit.

Why Now?

JPMORGAN CHASE & CO has reached a new shorter-term low. Previously, during similar occasions, JPMORGAN CHASE & CO shares had a median return of +3.5%, over the following 2 weeks based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for JPMORGAN CHASE & CO received a high score of 8.3 (out of 10). This insight was generated on 2022-February-24 with last price of 144.55.

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 Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth +14% (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 149.56 (+3.5%) 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 139.95 (last price at 144.55), which is equivalent to a -3.2% 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:

0.2% (November-2021), 9.1% (September-2021), 2.9% (July-2021), 4.2% (April-2021), 3.9% (September-2020), 10.1% (May-2020), 3% (January-2020), 11.6% (October-2019), -0.8% (August- 2019), 0.2% (May-2019).

Historical Chart:

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Summary:

NameJPMORGAN CHASE & CO
ViewUp
Star (1 to 10)8.3
Target+3.5%
Time2 weeks
Hist Rate90%

Popular Insights:

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

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