JPMorgan - is expected o report earnings of $3.89 on revenue of $39.55bn.

JPMorgan’s stock is trading at around $146.97 a share. Looking at the chart from a technical outlook, based on the weekly timeframe, we can see that the bullish trend dating back to October of last year was broken on the week commencing the 4^th of September. The price did try to climb back above the trendline, suggesting a bear trap, but in fact, it was a bull trap. This has now created a short-term bearish trend. However, last week’s candlestick closed as a hammer doji, creating questions about the near-term direction of this stock. If the price breaks out of the bearish channel drawn on the chart, we could see an extension in the following week with a close back above the trendline. The resistance within the channel reads $147.69, which is so far, this week’s high. The challenging resistance after that would be $150.61. Support for the time being sits at $142.65 and then at $140.67 (last week’s low). A move below $140.67 could see a slide lower towards the lower end of the channel which reads $135.67. The technical indicators are mixed right now, with the MACD negative but the RSI reading 53 (neutral).