J.P. Morgan Chase & Co. stock trades under the ticker JPM & has shown recent bullishness that traders & investors should research further into.
JPM stock closed at $109.37/share on 10/13/2022.
J.P. Morgan Chase & Co. JPM Stock’s Technical Performance Broken Down
JPM Stock Price: $109.37
10 Day Moving Average: $106.66
50 Day Moving Average: $113.08
200 Day Moving Average: $125.85
RSI: 50.16
MACD: -2.17
Yesterday, JPM stock completed a bullish MACD crossover, gaining 5.56% on the day & settling above their 10 day moving average.
Recent trading volumes have been about average for the year prior, and their RSI is still neutral, signaling that there may be more momentum to come in the near-term.
They have support at the $108.33 & $105.12/share price levels, as they try to break above their $110.92 & $111.99/share resistance levels.
J.P. Morgan Chase & Co. JPM Stock As A Long-Term Investment
Long-term oriented investors will like JPM stock’s valuation metrics, with a 8.42 P/E (ttm) & a 1.22 P/B (mrq).
Before today’s earnings call, they recently reported -9.6% Quarterly Revenue Growth Y-o-Y, with -27.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing at first glance, with $1.3T of Total Cash (mrq) & $640.74B of Total Debt (mrq).
JPM stock pays a 3.86% dividend, which appears stable in the long-run, as their payout ratio is 32.1%.
70.48% of JPM stock’s oustanding share float is owned by institutional investors.
J.P. Morgan Chase & Co. JPM Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from movements in JPM stock’s price, while hedging against volatility.
I am looking at the contracts with the 10/21 expiration date.
The $108, $109 & $105 calls all are in-the-money, with the former having more open interest than the latter two strikes.
The $100, $112 & $113 puts are also all in-the-money, listed from most to least liquid strike.
Tying It All Together
JPM stock has many interest charactertistics that traders & investors are sure to like.
Investors will like their dividend yield, balance sheet & valuation metrics.
Traders will like their recent technical performance, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into JPM stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF JPM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***