Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
JPMorgan & Chase's stock (JPM) fell in the intraday levels, recording a new loss of 1.56% in the last session, or 1.44 points, and leaning on the support of the 50-day SMA, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium and short terms, coupled with positive signals from relative power indicators.
Therefore we expect the stock to return higher, as long as the support of 90.32 holds on, targeting the resistance of 93.87 anew.