Techie Tuesdays: JP Morgan Chase

This is the third installment of Techie Tuesdays.  So far we have looked at Exxon Mobil and Starbucks, today we will examine J.P. Morgan Chase.

J.P. Morgan Chase is a worldwide financial holding company with over 228,000 employees worldwide.  JPM brought in $51 billion in revenue last year.   The financials sector has been subject to much well deserved scrutiny as of late, it is time to see what the technical indicators reveal about this banking behemoth!

Simple Moving Average: JPM is currently trading at $32.14 per share.  As of today, JPM’s 5-day moving average is $34.23 and its 200-day moving average is $40.74.  Looking at the chart below, we can see that both the 5 and 200-day moving averages are sloping downward. 

Chart by T. Silver, Data from Yahoo 

SMA Signal: SELL because JPM has been heading downward in the short and long-term and is currently trading below both moving averages.

Exponential Moving Average: JPM closed today at $32.14 per share.  As of today JPM’s 5-day exponential moving average is $34.90 and its 200-day exponential moving average is $40.68. 

EMA Signal: SELL because JPM has been heading downward in the short and long-term, and is currently trading below both exponential moving averages. Check out Yahoo’s interactive chart with the EMAs.

Looks like bad news all around for JPM, at least on a technical front.  Next time, I will use another moving average tool, the MACD.  Please feel free to submit a stock and check out Techie Tuesday’s track record.