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JPMorgan exposed to negative pressure - Analysis - 08-09-2023
JPMorgan Chase's stock (JPM) fell in the intraday levels, confirming the breach of the upward medium-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, targeting the first support at 137.62, provided the current support of 144.34 was pierced.
Expected trend for today: Bearish
Wells Fargo emits more negative signals - Analysis - 08-09-2023
Wells Fargo & Company's stock (WFC) fell in the intraday levels, while hurt by piercing the upward correctional trend line previously in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
MoreDelta Airlines dominated by downward correctional trend - Analysis - 08-09-2023
Delta Airlines' stock (DAL) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA.
MoreGeneral Motors sharpens losses - Analysis - 08-09-2023
General Motors Company's stock (GM) fell in the intraday levels, amid negative pressure from the 50-day SMA, with negative signals from the RSI despite settling at oversold levels, while dominated by the downward medium-term trend.
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