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 rose 0.96% in the last session, retesting the resistance of 96.68, while hurt by piercing the upward trend line recently, with negative pressure from the 50-day SMA, as the RSI reached overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the important support of 90.66, provided the resistance of 96.68 holds on.
Expected trend for today: Bearish