2023-03-09 • Updated
This Friday, at 15:30 MT time, JPMorgan Chase will release its Q4’2020 earnings report. As for most stocks, this report is expected to be quite impactful for the stock price. Here is what we have on the technical side.
February saw this stock price fall from $140 to $80. After that, it started recovering. The process was quite far from V o U-shape at the time as the price spent most of 2020 below $100. However, in November 2020, it leaped above $110 and kept going upwards. Thanks to its most recent achievement, we are now seeing it approach $140.
In the meantime, this recent uptrend has been considerably aggressive so we have to factor in a significant downward correction in the mid-term. Therefore, the question for this stock now is whether the quarterly report coming this week will push it above $140 or not. If not – that is, if the market is disappointed with the performance of JPMorgan in Q4’2020 – the expected area of the price-performance will likely be $125-135 in the nearest future. Otherwise, $140 will convert into the new support while the stock celebrates full recovery.
Don't know how to trade stocks? Here are some simple steps.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
