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 fell 0.29% in the last session while gathering momentum to help it rise anew, while venting off overbought saturation in the RSI, while leaning on the support of the 50-day SMA, as the stock trades within an ascending price channel that guided recent medium-term trading.
Therefore we expect the stock to return higher, targeting the resistance of 161.59, provided the support of 148.90 holds on.
Expected trend for today: Bullish