JPMorgan Chase & Co (JPM)
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is incorporated in Delaware. As a Bulge Bracket bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, private wealth management, and treasury services divisions.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 39.99% per annum.
- JPM price at the close of March 31, 2025 was $245.30 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 51.32% per annum.
- JPM price at the close of March 31, 2025 was lower than the bottom border of the secondary price channel by $0.76 (0.31%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of JPM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 13, 2022
End date: March 31, 2025
a = 3.8647
b = 0.0009
s = 0.0583
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0583) – 1
= 26.29%
June 13, 2022 calculations
Top border of price channel:
Exp(Y554)
= Exp(a + b × X554 + 2 × s)
= Exp(a + b × 803 + 2 × s)
= Exp(3.8647 + 0.0009 × 803 + 2 × 0.0583)
= Exp(4.7215)
= $112.33
Bottom border of price channel:
Exp(Y554)
= Exp(a + b × X554 – 2 × s)
= Exp(a + b × 803 – 2 × s)
= Exp(3.8647 + 0.0009 × 803 – 2 × 0.0583)
= Exp(4.4881)
= $88.95
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.8647 + 0.0009 × 1,825 + 2 × 0.0583)
= Exp(5.6633)
= $288.11
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.8647 + 0.0009 × 1,825 – 2 × 0.0583)
= Exp(5.4299)
= $228.14
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 39.99% per annum.
- JPM price at the close of March 31, 2025 was $245.30 and was inside the primary price channel.
Secondary Trend
Start date: August 22, 2023
End date: March 31, 2025
a = 3.5292
b = 0.0011
s = 0.0474
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0474) – 1
= 20.86%
August 22, 2023 calculations
Top border of price channel:
Exp(Y853)
= Exp(a + b × X853 + 2 × s)
= Exp(a + b × 1,238 + 2 × s)
= Exp(3.5292 + 0.0011 × 1,238 + 2 × 0.0474)
= Exp(5.0289)
= $152.76
Bottom border of price channel:
Exp(Y853)
= Exp(a + b × X853 – 2 × s)
= Exp(a + b × 1,238 – 2 × s)
= Exp(3.5292 + 0.0011 × 1,238 – 2 × 0.0474)
= Exp(4.8394)
= $126.39
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.5292 + 0.0011 × 1,825 + 2 × 0.0474)
= Exp(5.6950)
= $297.39
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.5292 + 0.0011 × 1,825 – 2 × 0.0474)
= Exp(5.5056)
= $246.06
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 51.32% per annum.
- JPM price at the close of March 31, 2025 was lower than the bottom border of the secondary price channel by $0.76 (0.31%). This indicates a possible reversal in the secondary trend direction.