JPMorgan Chase & Co (JPM) - 22nd December 2023 | @ 78 Days | + 9.66%
Last trade: + 9.66% | 'C' class signal detected in JPMorgan Chase & Co (JPM). Running at an average wavelength of 78 days over 14 iterations since January 2021. Currently peaking.
Instrument Summary
Headquartered in New York City and incorporated in Delaware, JPMorgan Chase & Co. is a leading American multinational financial services firm. It holds the distinction of being both the largest bank in the US and the world, based on market capitalisation. Originating from the Chase Manhattan Company in 1799, it evolved through the founding of J.P. Morgan & Co. in 1871, culminating in a diversified entity post the 2000 merger of predecessors.
ΣL Cycle Summary
Similar to many of the almost linear rises in stock markets, JPM has exceeded expectations to the upside since the most recent iteration low of this component in late October / early November. Now heavily extended and due a peak at the time of writing according to current wavelengths, we can expect the next trough to form late January to very early February, 2024.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Late Buy - JPM 20th November 2023
Entry: 20th November 2023 @ 153.29
Exit: 22nd December 2023 @ 168.10
Gain: 9.66%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 77.6 Days
Completed Iterations: 14
Component Yield Over Sample: 145.40% - learn more