- Ameriprise Financial's recent run now faces a challenge at $344.92
- The lower Bollinger Band® is currently at $300.14 while the higher band is at $346.55
Trend analysis indicates that Ameriprise Financial Inc's CCI indicator is above +100. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $346.55, thereby suggesting that Ameriprise Financial is becoming overvalued. Support/Resistance levels obtained from chart analysis indicate that Ameriprise Financial's recent run now faces a major challenge as concentrated supply is likely found at $344.92 with price action currently $3.92 away.
For the time being, Ameriprise Financial remains flat without a clear direction.
Teleflex's bearish trend is facing a possible turning point at $234.07, which is only $1.55 away. Will be interesting to follow. Around $237.87, Teleflex can look to establish a new bullish phase beyond its 50 day Simple Moving Average.
Overall, looking at the technical analysis landscape, it seems Teleflex —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Around $64.77, Mondelez can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Mondelez's lower Bollinger Band® is at $63.69, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Mondelez's run now faces a challenge at $65.31, which is only 47 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
According to technical analysis, it looks as if Mondelez likely to continue pointing upward in the short term.
Fundamental indicators – United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of 3.38 million, while the previous figure was 7.62 million.
Upcoming fundamentals: projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was 0.1%; data will be released tomorrow at 13:30 UTC.