JPMorgan Chase is neutral

Our pivot point stands at 190.4.

Our preference

Look for a drop towards 190.4 before a bounce.

Alternative scenario

The downside breakout of 190.4 would call for 183 and 178.7.

Comment

The RSI is above 50. The MACD is negative and below its signal line. 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 197.71 and 194.7926).

Supports and resistances

221.8 **

217.2 *

212.8 **

208.4

198.67 (USD-last)

193.2

190.4 **

183 *

178.7 **

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