JPMorgan returns lower - Analysis - 20-12-2021

2021-12-20 11:11:42 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
1.0749
0.0096
0.9045%
1.2632
0.0069
0.5512%
22.115
0.203
0.929%
113.816
3.677
3.338%
117.15
-0.39
0.33%
1854.520
-1.915
0.103%
 
 
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