JPMorgan Chase may rise to 241.10 - 246.90

213.5 is our pivot point.

Our preference

The upside prevails as long as 213.5 is support.

Alternative scenario

Below 213.5, expect 203.8 and 198.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 212.7225 and 212.7328). Finally, JPMorgan Chase is trading above its upper Bollinger band (standing at 223.41).

Supports and resistances

252.8 **

246.9 *

241.1 **

235.3

223.64 (USD-last)

217.3

213.5 **

203.8 *

198.1 **

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