American Stocks Analysis

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 pierces downward trend line - Analysis - 12-08-2020

Economies.com
2020-08-12 12:26PM UTC

JPMorgan & Chase's stock rallied 3.16% in the last session with support from the 50-day SMA, coupled with positive signals from the RSI, while buoyed by piercing the main downward medium-term trend line. 

 

Therefore we expect more gains for the stock, targeting the provided the pivotal resistance 115.72. 

 

Expected trend for today: Bullish 

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