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JPMorgan gives in to negative pressure - Analysis - 06-12-2021

Economies.com
2021-12-06 11:48AM UTC

JPMorgan's stock (JPM) fell 1.81% in the last session while hurt by piercing the upside trend line recently, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 150.40, provided it settles below 160.08.

 

Expected trend for today: Bearish

Johnson & Johnson tries to vent off oversold saturation - Analysis - 06-12-2021

Economies.com
2021-12-06 11:48AM UTC

Johnson & Johnson's stock (JNJ) rose 1.46% in the last session while trying to vent off oversold saturation in the RSI amid positive signals out of them, settling at 159.38, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 151.50, provided the support of 156.45 was breached.

 

Expected trend for today: Bearish

IBM tries to recoup losses - Analysis - 06-12-2021

Economies.com
2021-12-06 11:48AM UTC

IBM's stock rallied 1.66% in the last session in the intraday levels while recouping some past losses, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the support of 113.40, provided the resistance of 118.30 holds on.

 

Expected trend for today: Bearish

Hewlett-Packard collects profits - Analysis - 06-12-2021

Economies.com
2021-12-06 11:47AM UTC

Hewlett-Packard's stock (HPQ) fell 0.24% in the last session on profit-taking while venting off overbought saturation in the RSI, settling at 37.55, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 42.00, provided it settles above the support of 35.95.

 

Expected trend for today: Bullish