Will JP Morgan Surpass the Level of $150?
The post Will JP Morgan Surpass the Level of $150? appeared on BitcoinEthereumNews.com. JPM stock price prediction suggests bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests the JPM price is attracting buyers at the demand zone. Investor sentiments regarding the JP Morgan price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are lining in the bears’ favor. JPM stock price needs to attract buyers to surge towards the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the JP Morgan share price is trying to gather support and sustain above the 20, 50, 100, and 200-day daily moving averages. JP Morgan shares have been consolidating inside the horizontal price range of $143 and $150. Nevertheless, JP Morgan’s stock price gained around 3.56% in a week and around 0.45% in a month. Also, the JPM share price dropped around 2.34% in the last three months and 9.51% over the last six months. Year to date it gave a negative return of 9.44%. JPM Stock Price Technical Analysis JPM stock price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the JP Morgan shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the JP Morgan share price has been trading above the 50, 100, and 200-day daily moving averages. Moreover, JP Morgan stock must register its breakout from the consolidation phase over the daily time frame chart. Technical indicators suggest the consolidation phase of the JP Morgan stock…
The post Will JP Morgan Surpass the Level of $150? appeared on BitcoinEthereumNews.com.
JPM stock price prediction suggests bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests the JPM price is attracting buyers at the demand zone. Investor sentiments regarding the JP Morgan price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are lining in the bears’ favor. JPM stock price needs to attract buyers to surge towards the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the JP Morgan share price is trying to gather support and sustain above the 20, 50, 100, and 200-day daily moving averages. JP Morgan shares have been consolidating inside the horizontal price range of $143 and $150. Nevertheless, JP Morgan’s stock price gained around 3.56% in a week and around 0.45% in a month. Also, the JPM share price dropped around 2.34% in the last three months and 9.51% over the last six months. Year to date it gave a negative return of 9.44%. JPM Stock Price Technical Analysis JPM stock price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the JP Morgan shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the JP Morgan share price has been trading above the 50, 100, and 200-day daily moving averages. Moreover, JP Morgan stock must register its breakout from the consolidation phase over the daily time frame chart. Technical indicators suggest the consolidation phase of the JP Morgan stock…
What's Your Reaction?
