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 (JPM) advanced and leaned on the support of the 50-day SMA, lending it positive momentum and tackling the main downward short-term trend line, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the support of 124.25, provided the support of 112.75 holds on.
Expected trend for today: Bullish