{"id":543104,"date":"2026-07-15T18:37:11","date_gmt":"2026-07-15T18:37:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/543104\/"},"modified":"2026-07-15T18:37:11","modified_gmt":"2026-07-15T18:37:11","slug":"bullish-charts-and-fundamentals-are-lining-up-for-jpmorgan-chase-says-frank-cappelleri","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/543104\/","title":{"rendered":"Bullish charts and fundamentals are lining up for JPMorgan Chase, says Frank Cappelleri"},"content":{"rendered":"<p>As a technician and CMT charter holder, I focus on price action first. But when the fundamentals reinforce the technicals, they always gets my attention. (After all, I also persevered through the CFA process many years ago.) JPM appears to have both working in its favor right now, something that became even clearer following yesterday&#8217;s strong earnings report. Let&#8217;s start with the daily chart: JPM\u00a0had a wild session Tuesday following\u00a0the release of its latest quarterly numbers. The stock initially fell more than\u00a02%, then reversed sharply to rally nearly\u00a06% intraday, ultimately finishing with a\u00a02.5% gain. The result was an\u00a0extremely large bullish engulfing candlestick, along with a\u00a0new intraday high\u00a0and all-time closing high. In fact, the candle engulfed\u00a0nearly three weeks of the prior price action.\u00a0Coming immediately after earnings, that reversal carries added significance, as investors now have a much clearer view of the state of the company. While the daily chart does not yet show a\u00a0classical chart pattern, the technical backdrop is clearly bullish. With earnings now behind it,\u00a0known\u00a0company-specific risk has diminished, allowing price action to take center stage. As the\u00a0second-largest holding in XLF (slightly) behind Berkshire Hathaway ,\u00a0JPM\u00a0performance will continue to have an important influence on the Financial sector. Even though\u00a0JPM\u00a0made a\u00a0new all-time high\u00a0Tuesday, it is\u00a0not extended\u00a0by its own historical standards. We can see that by viewing the stock within this\u00a0upward-sloping channel\u00a0on the\u00a0weekly log-scale chart. Since bottoming in\u00a0October 2022,\u00a0JPMorgan\u00a0has remained in a\u00a0well-defined uptrend, though certainly not in a straight line. The stock has experienced several sharp swings in both directions, with pullbacks consistently finding support near the\u00a0lower boundary of the channel\u00a0before resuming higher. Likewise, rallies have often paused after reaching or briefly exceeding the\u00a0upper boundary. The stock\u00a0now sits\u00a0near the middle of that channel, suggesting it is\u00a0not stretched. In fact, after spending much of the last few months in the\u00a0lower half\u00a0of the range, there is room for the stock to work its way back toward the\u00a0upper half, where it spent much of\u00a02025. The bottom line is straightforward:\u00a0as long as JPMorgan remains within this channel, the long-term uptrend remains intact. Here&#8217;s the\u00a0monthly log-scale chart\u00a0going back to\u00a02013. As we know,\u00a0JPM\u00a0has advanced at a remarkably consistent pace for more than a decade, meaning that\u00a0buying virtually anywhere\u00a0during that period has been rewarded. What catches our attention are the\u00a0breakouts from multi-month and multi-year trading ranges. As is clear, those breakouts have repeatedly led to\u00a0months \u2014 and in some cases years \u2014 of additional upside. With yesterday&#8217;s move to\u00a0new all-time highs,\u00a0JPM\u00a0may be entering another one of those longer-term advancing phases. Altogether, we have a strong earnings report, a sizable positive reversal, new all-time highs, a stock trading near the middle of a well-defined upward sloping channel, and the potential breakout from a multi-year base. None of that guarantees future gains, of course, but the more technical factors that align \u2014 especially across multiple timeframes \u2014 the stronger the overall case becomes. \u2014Frank Cappelleri Founder: https:\/\/cappthesis.com DISCLOSURES: None All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL&#8217;S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.<\/p>\n","protected":false},"excerpt":{"rendered":"As a technician and CMT charter holder, I focus on price action first. But when the fundamentals reinforce&hellip;\n","protected":false},"author":2,"featured_media":543105,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[39311,941,114,357,77037,85,46,1579,190,226781],"class_list":["post-543104","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-berkshire-hathaway-inc","tag-breaking-news-markets","tag-business","tag-business-news","tag-financial-select-sector-spdr-fund","tag-il","tag-israel","tag-jpmorgan-chase-co","tag-markets","tag-state-street-financial-select-sector-spdr-etf"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/543104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=543104"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/543104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/543105"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=543104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=543104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=543104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}