JPMorgan Chase & Co (JPM) - 20th November 2023 | @ 83 Days | - 5.44%
Last trade: - 5.44% | 'C' class signal detected in JPMorgan Chase & Co (JPM). Running at an average wavelength of 83 days over 13 iterations since February 2021. Currently moving up.
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
Analogous to the main periodic component around this wavelength in US Stockmarkets Indices, JPM is subject to more frequency modulation due to the absence of averaging. The most recent low in late October occurring earlier than anticipated and featuring some exceptional bullish acceleration, as is the case in many other stocks recently. It is likely wise to expect a peak of this component earlier in December, rather than later, given correlation with the indices.
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: Sell - JP Morgan 9th October 2023
Entry: 9th October 2023 @ 144.77
Exit: 20th November 2023 @ 152.64
Gain: - 5.44%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Time Frequency Analysis
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