JPMorgan Chase Co. (JPM) advanced slightly in its latest intraday trading, supported by ongoing bullish momentum on the medium-term trend as the stock moves along a short-term ascending slope. It remains buoyed by dynamic support from trading above its 50-day SMA. However, RSI readings have reached overbought levels, generating negative signals that capped the recent gains.

Therefore, we expect the stock to rise in upcoming intraday trading, as long as support at 300.90 holds, targeting the resistance level at 328.35.

Todays price forecast: Bullish.