JPM Powers to $327.91 on Strong EMA Stack

JPMorgan Chase & Co (JPM) closed down 0.39% at $327.91 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($321.98) with a bullish stack. The 21-day EMA at $317.22 provides support.
• Momentum: RSI at 66.6 is in neutral territory but trending higher. MACD is bullish (4.72 vs signal 3.26).
• Volatility: Bollinger Band width at 8.6% indicates low volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $302.55, Resistance at $329.62.