Many market watchers keep close tabs on shares of JPMorgan Chase (JPM) for various reasons. Some consider CEO Jamie Dimon an astute steward of the firm and they like to follow a leader. Others watch JPM because of its size in the industry. And still others are waiting for Dimon's next interview.
And, of course, banks are among the first to report during earnings season, with JPM scheduled for January 13.
Our last review of JPM was November 2, so let's join the crowd and check out the charts again.
In the daily bar chart of JPM, below, I can see that the share price continued up to the end of November before turning softer. The shares tested the rising 50-day moving average line in December and we could see further testing in the days ahead. The 200-day moving average line is below the market and now bottoming.
The trading volume continues on the slower side while the On-Balance-Volume (OBV) line shows some firming from October and a higher low in December. The Moving Average Convergence Divergence (MACD) oscillator is back to the zero line.