JPM Price Analysis: Is It A Wise Decision To Buy Jp Morgan?

Is It A Wise Decision To Buy Jp Morgan?

As we all know, JP Morgan is a highly reputable bank in the market.
The current Market Cap is $ 442.73 billion
Industry: Banking - Diversified
Financial indicators are all in positive territory.

The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months.
From that moment on it is still holding up the growing momentum.
The stock is not overvalued at all.

On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140.
Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151.
This increase is approximate + 7.5%.

Considering this, we can assume that this stock is being traded close to its “Fair Value”.
So we are not buying something that is more expensive than it should be.
The probability is very high that the price could move higher again up to the top of the model close to 179.

Thank you and Good Luck!