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Trading Signals

JP Morgan Chase's Price target: $139.15 | Last close: $138.24 | Daily range: $135.67 – $138.32 | Off hours: $138.1

30 April 2023

JPMMAMTGPYPL

JP Morgan Chase's recent run now faces a challenge at $139.15
Upper Bollinger Band® currently at $381.51

Around $138.24, JP Morgan Chase can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, JP Morgan Chase's recent run now faces a major challenge as concentrated supply is likely found at $139.15 with price action currently 91 cents away.

Overall, looking at the technical analysis landscape, it seems JP Morgan Chase might continue pointing upwards in the short term.

Trend-focused traders would be interested to note that Mastercard's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Mastercard's upper Bollinger Band® is at $381.51. Mastercard's notable support and resistance levels: Mastercard's run now faces a challenge at $384.14, which is only $4.11 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Overall, while Mastercard has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Trend analysis indicates that MGIC Investment's CCI indicator is above +100. According to momentum evaluation, the Relative Strength Index indicates MGIC Investment is in an overbought condition. According to asset volatility analysis, MGIC Investment's upper Bollinger Band® is now at $15.06. Support/Resistance levels obtained from chart analysis indicate that MGIC Investment's run now faces a challenge at $15, which is only 15 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Notwithstanding MGIC Investment's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Around $74.55, PayPal can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Price action overcame a known Fibonacci resistance level at $75.21 by around 79.01 cents with prices hammering out a $73.97 – $76.05 session range. In contrast, Bollinger Band® analysis indicates that current price action is approaching the upper band at $77.52, thereby suggesting that PayPal is becoming overvalued. PayPal's recent run now faces a major challenge as concentrated supply is likely found at $76.73 with price action currently 73 cents away.

Overall, looking at the technical analysis landscape, it seems PayPal likely to continue pointing upward in the short term.

Upcoming fundamentals: United States ISM Manufacturing PMI (Apr) is expected tomorrow at 14:00 UTC.

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