- JP Morgan Chase CEO Jamie Dimon has recently warned that gas and oil issue due to the Russia and Ukraine War.
- Technical indicators of JPM are suggesting a strong upside momentum. It is currently trading near $134
JP Morgan is a global leader in financial services and also offers solutions to world most important institutions including governments. JPM has also invested in crypto currency. Recently Jp Morgan has released a study in which they have said that more than 13% of americans hold crypto currency. Jp Morgan has also registered a trade mark of crypto wallet. JPM CEO has recently warned that the oil and gas issues may persist because of the tension between Russia and Ukraine. Jamie Dimon on sunday also celebrated the results of the midterm elections saying neither party has elected the “Wing nuts”.
JPM has a market cap of more than 393 billion and has seen continuous growth. It has an EPS of 11..85 with a PE of 11.33. It is merely 30% away from its all time high. Various analysts are expecting a strong growth in the upcoming days.
Bulls Of JPM Stock Are Looking To The Price
The weekly technical chart of the Jp Morgan stock suggests a consolidated trend in price. On coming to the daily chart the asset price is currently trading near the value of $134 with a gain of 1.55%. JPM stock price is currently trading above the 50 and 100 Daily Moving Average. There can be a positive crossover in the JPM stock price which can push the price to a new high. The upside trend of the JPM stock price can see a halt near the value of $150. The downside trend can see a bounceback from $100.
Conclusion
JP Morgan is one of the biggest name in financial services and they have also invested in crypto currency. JPM stock price is currently in a weak upside trend and can soon see a new high.
Technical Levels
Major Resistance:$150
Major Support:$100
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/14/jp-morgan-stock-price-analysiswill-jpm-stock-price-see-a-high-of-200-in-the-upcoming-months/