JPMorgan under management: rally takes a pause
JPMorgan drops 3.1% as money flow turns negative
Our view last week
JPMorgan stock closes another week higher, +1.5%, its second straight rally per the model's weekly technical analysis, with price now brushing the daily upper Bollinger Band and the daily sequence of higher lows still running from the 337 area to the 353 area. Underneath, though, something is slowing: weekly volume is contracting and buyer dominance is losing its edge. The trade has been under management for 18 weeks, up 17% since entry.
This week's summary
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.
IQS Phase
50
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#132 / 167
US stocks in progress
Trade P&L %
+13.46%
from signal to date, no stop loss
Rank position
ranks 132nd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
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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