JPMorgan tries to recoup some losses - Analysis - 22-09-2021

2021-09-22 10:49:32 GMT (Economies.com)
 

JPMorgan's stock (JPM) inched up 0.01% in the last session in a timid attempt to recoup recent losses, settling thereafter at 152.98, while hurt by piercing the main upward trend line in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 147.50, provided the resistance of 157.30 holds on.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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