JPMorgan Chase & Co (JPM) - 25th August 2023 | @ 79 Days
'B' class signal detected in JPMorgan Chase & Co (JPM). Running at an average wavelength of 79 days over 12 iterations since January 2021. Currently approaching a trough.
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.
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 79.34 Days
Completed Iterations: 12
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.
Current Signal Detail & Targets
Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).
FM: +- 9 Days
Next Trough Range: 21st August - 8th September, 2023
Next Peak Range: 1st October - 18th October, 2023
Sigma-L Recommendation: Early Buy
Time Target: ~ 9th October, 2023
Current Signal Phase
This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.
Current Signal Frequency Modulation (FM)
This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.
Current Signal Amplitude Modulation (AM)
This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.