JPMorgan returns lower - Analysis - 20-12-2021

Economies.com
2021-12-20 11:11AM UTC

JPMorgan's stock (JPM) returned lower with a 2.28% loss amid the dominance of the downward correctional trend in the short term, while hurt by piercing the main upward trend line recently, settling at 156.76, while suffering negative pressure from the 50-day SMA after recent gains to vent off oversold saturation in the RSI.

 

Therefore we expect more losses for the stock, targeting the support of 150.40, provided it settles below the resistance of 161.55. 

 

Expected trend for today: Bearish

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...