JPM Weekly Trend: Short-Term Rebound or Prolonged Downtrend Ahead?


 The weekly trend of JPM has been in the Bearish zone for the past 7 weeks. After entering the Bearish zone, a downtrend ensued, but in the past few weeks, the selling pressure weakened, showing fluctuations. Starting last week, the trend shifted to an uptrend, indicating a rising direction for the second consecutive week.

This upward trend is expected to continue until next week. However, from two weeks onwards, the buying momentum is anticipated to weaken, leading to a reversal back into the downtrend. Although there might be a temporary entry into the Bullish zone, it is unlikely to sustain.

Considering the 74% similarity with the US market, JPM's weekly trend is expected to have a short-lived uptrend, especially given the likelihood of the US market entering a downtrend next week. Overall, it is advisable to consider this as a short-term rebound peak. If the uptrend reverses, a prolonged downtrend is expected to follow.


Oct 09, 2023

Closed price

148.00

2.00%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

This week's stock price Buy-Sell intensity analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

This week's buy intensity is

114%

 

 

Next week's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like JPM stock is poised for a Rebound trend next week

The %intensity of Risk & Return next week :

46%

HIGH ~ LOW % range next week :

3.8%

0.2%

Predicted Average return over the next 3 weeks:

6.5%

The price of JPM stock moves in line with the rise and fall of the stock market index with a probability of

74%

 

, and conversely, it moves against the stock market index trend with a probability of

26%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

JPM stock price 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 7 : 3 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is somewhat higher, while the upward strength is somewhat higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate buying timing is predicted to be this week or next week.

The buying date is

Oct 16

 

 

A good price to buy a stock:

$ 148.77

And the appropriate selling timing is predicted to be in 2 weeks.

The selling date is

Oct 16

to

Oct 23

A good price to sell a stock:

$ 154.62

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 3 weeks from now

47%

Prediction of Upper~Lower price range over the next 10 weeks

Price:

140.56

~

153.24

% Change:

-5.0%

~

3.5%

Median price between the upper and lower prices

146.90

-0.7%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bullish

10%

The Current trend zone & level%

Bearish

-26%

The expected average trend zone & level% for the next 10 weeks

Bearish

-8%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

51%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-61%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Rebound trend

46%

3.8%

0.2%

In 2 weeks: Entering a correction trend

58%

2.2%

0.1%

In 3 weeks: Entering a correction trend

-43%

0.5%

-2.8%

In 4 weeks: Correction trend

-42%

0.3%

-2.5%

In 5 weeks: Entering an uptrend

-30%

0.1%

-1.4%

In 6 weeks: Entering an uptrend

50%

4.8%

0.1%

In 7 weeks: Downtrend

-91%

0.4%

-2.5%

In 8 weeks: Downtrend

-27%

0.8%

-2.6%

In 9 weeks: Downtrend

-98%

-0.1%

-3.0%

In 10 weeks: Downtrend

-98%

-0.3%

-2.7%

Average closing price in case of rising:

 

2.8%

=> HIGH ~ LOW range:

4.0%

~

-1.6%

Average closing price in case of falling:

 

-3.0%

=> HIGH ~ LOW range:

1.6%

~

-4.0%

The 10-week prediction and technical analysis of JPM stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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