Looking for a non-AI trade? This bank stock is poised for a breakout next week

Prior discussions identified JPMorgan as a stock worth exploring, and that initial entry proved highly profitable. Now, months later, the stock forms a attractive, near‑term buy after retreating toward its longer‑term uptrend.

The current portfolio framework underscores several key dynamics: the equity remains firmly in its longer‑term uptrend, consolidates above its key AVWAP threshold set during the 2026 lows, displays a bullish MACD crossover, and exhibits bullish RSI divergence at recent lows. These signs reinforce that the extended position represents the optimal and safest capital deployment.

Technical targets guide forward positioning. Extended buyers aim to sustain momentum with the intention of holding above $325; the prior resistance, once marking the 2025 high, has flipped into supportive territory. On a shorter timeline, the price may climb back toward the upper range of $360, offering a generous upside if the broader market stays accommodating.

Risk management defines the strategy’s boundaries. A break below $310 accompanied by decline through the rising 50‑week moving average indicates a shift in underlying trend and warrants an immediate exit to reassess the thesis. Beyond the near‑term, secondary support could materialize around $280.

Key takeaways: • Persistent long‑term uptrend
• Consolidation above AVWAP (2026‑low base)
• Bullish MACD crossover
• Positive RSI divergence at recent lows
• Target upside toward $360
• Downside guardrail near $310/moving average / $280.

-Jay Woods with Chase Games
Jay Woods is the Chief Market Strategist at Freedom Capital Markets

Source link