Buyers retake control
JPMorgan stock climbs 1.7% as buyers retake control and money flow turns positive
Our view last week
JPMorgan stock slips 3.1% after a two-week rally, and money flow turns negative for the first time in 5 weeks: sellers dominated the latest weekly bar. The technical analysis still shows the stock firmly above its 50-week average, hugging its all-time highs. The trade has been under management for 19 weeks, up 13% since entry.
This week's summary
JPMorgan stock climbs back, +1.7% after last week's pullback: buyers retake 83% of the week's volume and money flow turns positive again after just 1 red week. The weekly technical analysis confirms a bullish price action picture, with the ADX rising for 12 straight weeks. The trade is in its 20th week of management, up 15.4% since entry.
IQS Phase
59
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#155 / 175
US stocks in progress
Trade P&L %
+15.41%
from signal to date, no stop loss
Rank position
ranks 155th among the 175 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +1.08% · monthly +2.51%
JPM belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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