JP Morgan Chase Co (JPM) stock edged slightly lower in its recent intraday trading, following a hold at the psychological resistance level of $300. The stock is attempting to build positive momentum that could help it break through this resistance, while also working to relieve its clearly overbought Stochastic conditions, especially as early bearish signals begin to emerge. The stock remains under the control of a dominant upward trend, trading along a short-term ascending trendline that supports this direction.

Therefore, we expect the stock to rise in upcoming sessions, provided it first breaks above the $300.00 resistance level, targeting the next resistance at $315.00.

Todays price forecast: Bullish.