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.

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- 4/17/2026 -
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J.P. Morgan Chase & Co. (JPM) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the J.P. Morgan Chase & Co. (JPM). During the week, the JPM climbed 0.42 points, or 0.14%, and closed at 310.29 on Friday, April 17, 2026. Weekly volume was 7% 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 337.25 on January 5, 2026. JPM gained -322.29 points, or -2154.34%, in 878 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (110.65) 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 uptrend had started on October 12, 2022 at 101.28 and reached 337.25 on January 5, 2026. JPM gained -235.97 points, or -232.99%, in 168 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 243.88 and resistance is at 356.63. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 January 9, 2026. 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 March 12, 2026 at 279.10 and reached 314.90 on April 17, 2026. JPM gained -35.80 points, or -12.83%, in 36 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 285.12 and resistance is at 318.17. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See JPM daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since March 19, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.21
Overbought
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 82.71
Overbought
Greed/Fear Indicator (GFI) 85.20
Overbought
Moving Average Converg./Diverg. (MACD) 2.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.52
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 37.46
Greed/Fear Indicator (GFI) 48.96
Moving Average Converg./Diverg. (MACD) 1.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 356.63
Upper Bollinger Band 321.38
Weekly Trendline Resistance 318.17
Daily Stochastic Crossing 312.61
Price 310.29
Parabolic System 304.83
Monthly Trendline Resistance 302.93
50 Day Moving Average 299.37
20 Day Moving Average 298.93
Weekly Stochastic Crossing 294.53
Weekly Trendline Support 285.12
Lower Bollinger Band 282.42
Monthly Trendline Support 267.23
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Diversified Banks 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 314.32
High Date 04/14/2026
Low 310.09
Low Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 318.17
Support 285.12
Low 279.10
Low Date 03/12/2026
High 314.90
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 302.93
Support 267.23
High 337.25
High Date 01/05/2026
Low 279.10
Low Date 03/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 356.63
Support 243.88
Low 101.28
Low Date 10/12/2022
High 337.25
High Date 01/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 244.50
Support 110.65
Low 14.96
Low Date 03/06/2009
High 337.25
High Date 01/05/2026
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.