US Major Banks Enter Strong Balance Sheet Period

JPM's technical indicators present a positive picture in the short term. The price is trading above both its 20-day and 50-day moving averages, and the RSI stands at 65, not yet entering overbought territory. The MACD line is above the signal line, with upward momentum continuing. The news headline reflects expectations of a favorable earnings season for the banking sector, which could provide support for JPM shares. However, after a 2.2% rise in the last 24 hours, the possibility of short-term profit-taking should not be overlooked.

BAC shares have risen 2.1% in the last 24 hours and are trading above their 20- and 50-day moving averages. The RSI stands at 63.7, not approaching overbought territory, while the MACD remains positive above its signal line. News headlines indicate that major US banks are entering a strong earnings season, adding a positive sentiment to the sector. The short-term uptrend is expected to continue, but excessive optimism should be avoided.

GS shares rose 7.7% in the last 24 hours to reach 1141.67, with the RSI entering overbought territory at 79.4. While the headline points to a positive earnings season for major banks, technical indicators reflect an overheated condition in the short term. The MACD remains positive and the uptrend continues, but the overbought RSI level increases the likelihood of some profit-taking or consolidation. Therefore, short-term direction uncertainty is high, and a sideways movement can be expected.

The stock fell 4.5% in its last close, dropping to 133.30. Although the RSI at 33.9 is approaching oversold territory, the MACD remains below the signal line and in negative territory. Trading below short- and medium-term moving averages (20- and 50-day) weakens the technical outlook. While the news headline is positive for the sector, the current technical structure of this stock does not signal a short-term recovery. Therefore, the likelihood of continued downward pressure in the near term is higher.