JPMorgan Chase is neutral

Our pivot point stands at 196.5.

Our preference

Look for a drop towards 196.5 before a bounce.

Alternative scenario

Below 196.5, expect 187.6 and 182.3.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is below its 20 day moving average (207.8995) but above its 50 day moving average (203.6444).

Supports and resistances

234.5 **

228.9 *

223.5 **

218.1

206.19 (USD-last)

200.2

196.5 **

187.6 *

182.3 **

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