JPMorgan Chase is neutral

Our pivot point stands at 200.5.

Our preference

Look for a drop towards 200.5 before a bounce.

Alternative scenario

The downside breakout of 200.5 would call for 192.2 and 187.3.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 209.0935 and 211.0464).

Supports and resistances

236.6 **

231.8 *

226.7 **

221.6

211.22 (USD-last)

203.6

200.5 **

192.2 *

187.3 **

Number of asterisks represents the strength of support and resistance levels.