JPM Bands Narrow to Multi-Week Lows at $331.58
JPMorgan Chase & Co (JPM) slipped 1.48% to $331.58 on October 25.
Key indicators suggest a mixed bias:
Momentum
RSI at 41.0 is showing no strong directional bias. MACD is bullish (-2.64 vs signal -3.42).
Moving Averages
Bearish EMA structure persists with price below the 9-day ($334.52) and 21-day ($336.30).
Volatility
A 7-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
While EMAs remain bearish, positive MACD divergence hints at potential support around $328.67.
Support sits at $328.67 with resistance at $338.56.
