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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

Coca-Cola collects profits - Analysis - 20-12-2021

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

Coca-Cola's stock (KO) fell 1.57% in the last session on profit-taking, while gathering momentum to rise anew, as it vented off overbought saturation in the RSI, settling thereafter at 57.73, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 60.70, provided the support of 57.50 holds on.

 

Expected trend for today: Bullish

McDonald's tries to vent off overbought saturation - Analysis - 20-12-2021

Economies.com
2021-12-20 11:10AM UTC

McDonald's stock (MCD) fell 1.45% in the last session amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, settling at 261.70, while gathering momentum to help it recover, as it vented off overbought saturation in the RSI.

 

Therefore we expect the stock to return higher, targeting the resistance of 266.00, provided the support of 257.30 holds on.

 

Expected trend for today: Bullish

3M suffers from negative pressures - Analysis - 20-12-2021

Economies.com
2021-12-20 11:10AM UTC

3M's stock declined 2% in the last session after touching the resistance of the 50-day SMA, while testing the ceiling of that descending correctional price channel that guided recent short-term trading.

 

Therefore we expect more losses for the stock, targeting the support of 169.29, provided the resistance of 179.50 holds on.

 

Expected trend for today: Bearish