JPMorgan Chase Co. (JPM) stock price posted slight gains in its latest intraday trading, as the stock attempts to recover part of its previous losses, while also trying to unwind some of its clear oversold conditions indicated by the RSI, especially with the beginning of a positive crossover appearing in the indicator. This comes amid the dominance of a short-term corrective bearish wave, along with continued negative pressure resulting from trading below its 50-day SMA.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as it remains stable below the resistance level at $292.45, targeting the support level at $266.35.

Todays price forecast: Bearish