JPM report Q4 earnings pre-market and good numbers is clearly needed for the stock to resume its trend higher

Chris Weston

Pepperstone

JPM report Q4 earnings pre-market and good numbers is clearly needed for the stock to resume its trend higher. The medium and longer term moving averages are still headed higher, however the five-day has started to roll over and the MACD has fallen below the signal line, showing momentum is marginally lower. The daily chart highlights very strong support around $50; however a good report should mitigate a move to $50. The market is anticipating adjusted EPS of $1.37, on revenue of $24 billion. Interestingly JPM has fallen four of the last five earnings quarters, so its earnings pedigree (or at least against expectations) isn't brilliant of late.


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Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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