JPMorgan Chase's rally cools ahead of earnings
JPMorgan Chase +0.6%: the rally pauses near highs as earnings land this week
JPMorgan Chase's rally cools ahead of earnings
Our view last week
JPMorgan Chase is in week 12 of a buy signal: the model's coverage is complete, all 3 statistical targets have been hit, and the stop now tracks the Inversion Point in the 314 area. The residual capital is running at +7.94% since entry. On the technical side, the week just closed shows acceleration, with price hugging its historical highs. Earnings are due July 14, two weeks out — a factor to weigh for anyone assessing timing.
This week's summary
JPMorgan Chase closes the week on shakier footing: after last week's acceleration, the technical picture shows an indecisive candle with a reduced body, right up against its record highs. Earnings land this very week, on July 14, an event that can swing the stock either way. Underneath, the trend still holds: the ADX keeps rising and the RSI stays above 60, though buyers dominate the tape less than before. The residual capital on the buy signal is running at +8.58%.
IQS Phase
68
in tension
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#109 / 129
US stocks in progress
Trade P&L %
+8.58%
from signal to today
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