The bearish DailyPlay for Wednesday, September 30th is JPMorgan Chase & Co (JPM). JPM has experienced a 6.05% loss over the past month as financials continue to struggle.

Fundamental View

• Revenue growth for 2020 forecasted to be flat to a 3% decline.
• Further risks of global economic recession and reduced loan activity.
• Earnings on Oct 13th in 14 days.

Technical View

• Rally to an area of resistance provides a good short opportunity
• Weak relative strength, technical score (3 out of 10)
• Both 1M and 6M trends are bearish