J.P. Morgan Chase (JPM) stock has gained over 21% in the past six months. This upside is driven by its diversified business model, investments in technology to boost digital banking capabilities, and cost-cutting efforts. Despite the share price gain, technical indicators suggest that J.P. Morgan stock is a Buy, implying further upside from current levels.
J.P. Morgan Chase is a global financial services firm that offers banking, investment, and asset management solutions.
Analyzing J.P. Morgan Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, J.P. Morgan stock is currently on an upward trend. The Moving Averages Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy. Further, the stock’s 50-day Exponential Moving Average (EMA) is 258.68, while its price is $264.65, implying a bullish signal.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For J.P. Morgan, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Is JPM Stock a Good Buy?
Turning to Wall Street, JPM stock has a Moderate Buy consensus rating based on 12 Buys and five Holds assigned in the last three months. At $278.50, the average JPMorgan stock price target implies 5.23% upside potential.
