The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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J.P. Morgan Chase & Co. (JPM) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the J.P. Morgan Chase & Co. (JPM). During the week, the JPM gained 11.59 points, or 5.00%, and closed at 243.55 on Friday, April 25, 2025. Weekly volume was 11% above average.

Long-term trend: [See JPM long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 14.96 and reached 280.30 on February 19, 2025. JPM gained -265.34 points, or -1773.66%, in 832 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (105.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See JPM medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 280.30 and reached 202.20 on April 7, 2025. JPM lost 78.10 points, or 27.86%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (187.70) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. JPM may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See JPM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See JPM short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 202.20 and reached 246.79 on April 23, 2025. JPM gained -44.59 points, or -22.05%, in 16 days. The price is now at the 7.27% retracement level.

Daily Technical Indicators: [See JPM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.11
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 80.00
Greed/Fear Indicator (GFI) 81.29
Overbought
Moving Average Converg./Diverg. (MACD) -2.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.66
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 36.61
Greed/Fear Indicator (GFI) 45.38
Moving Average Converg./Diverg. (MACD) 7.37
Trading Signals
Description Value Chart
Upper Bollinger Band 256.65
50 Day Moving Average 243.90
Daily Stochastic Crossing 243.59
Price 243.55
20 Day Moving Average 233.43
Parabolic System 231.33
Yearly Trendline Resistance 228.68
Monthly Trendline Resistance 228.09
Weekly Stochastic Crossing 224.74
Lower Bollinger Band 216.08
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Diversified Banks 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 226.34
Low Date 04/21/2025
High 246.79
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 202.20
Low Date 04/07/2025
High 246.79
High Date 04/23/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 228.09
Support 187.70
High 280.30
High Date 02/19/2025
Low 202.20
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.28
Low Date 10/12/2022
High 280.30
High Date 02/19/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 228.68
Support 105.15
Low 14.96
Low Date 03/06/2009
High 280.30
High Date 02/19/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.