JP Morgan Chase Technical Analysis

JP Morgan Chase Technical Analysis

JP MORGAN CHASE Technical Analysis: Weekly Chart

JP Morgan Chase Technical Analysis

In the weekly charts, JP MORGAN CHASE is trading in down channel. JP MORGAN CHASE is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 111.40 & the resistance level is at 117.92.

JP MORGAN CHASE will trade in down channel until there is trend reversal.

JP MORGAN CHASE Technical Analysis: Daily Chart

JP Morgan Chase Technical Analysis

In the daily charts, JP MORGAN CHASE is trading in a down channel. JP MORGAN CHASE is currently trading below 50 and 100 days SMA & above 20 days SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 112.17 & the resistance level is at 115.60.

JP MORGAN CHASE will trade in down channel until there is trend reversal.   

How to Trade JP MORGAN CHASE this Week:

JP MORGAN CHASE will follow the downtrend until their trend reversal. So, remain bearish on JP MORGAN CHASE.

TRADE SUGGESTION- SELL AT 114.53, TAKE PROFIT AT 112.17 AND STOP LOSS AT 115.60

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