Score 9 (out of 10): JPMORGAN CHASE & CO poised to seasonally rally by +7% during the next 90 days.

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What’s Going On Here?

JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat

Why Now?

JPMORGAN CHASE & CO indicates an interesting 90 days seasonal set up. During similar occasions, JPMORGAN CHASE & CO shares had a median return of +7% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for JPMORGAN CHASE & CO received a high score of 9 (out of 10). This insight was generated with last price of 114.81.

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 Very Risky. Ticker symbol: JPM US.

What’s My Risk / Reward and Time Horizon?

We found 90 days 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 122.85 (+7%) 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 110.91 (last price at 114.81), which is equivalent to a -3.4% 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’ under (2), etc.

Previous episodes:

4.9% (August-2021), 5.3% (August-2020), 10% (August-2019), 6.4% (August-2018), 7.6% (August-2017), 8.9% (August- 2016), 10.5% (August-2015), -1.8% (August-2014), 12.5% (August-2013)

Historical Chart:

Summary:

NameJPMORGAN CHASE & CO
ViewUp
Star (1 to 10)9
Target7%
Time90 days
Hit Rate89%

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