- Buoyed by a strong session amid an uptrend, Anheuser-Busch is 19 cents away from testing key resistance at $56.78
- Upper Bollinger Band® currently at $58.4
According to momentum evaluation, the Relative Strength Index indicates Anheuser-Busch is in an overbought condition. Chart analysis suggests Anheuser-Busch's run now faces a challenge at $56.78, which is only 19 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Around $1,967.42, Booking Holdings can look to establish a new bullish phase beyond its 10 day Simple Moving Average. On the other hand, note that Booking Holdings's recent run now faces a major challenge as concentrated supply is likely found at $1,999.53 with price action currently $14.9 away.
Overall, looking at the technical analysis landscape, it seems Booking Holdings might continue pointing upwards in the short term.
Citigroup's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. Despite this, $48.1 is only 19 cents away for Citigroup and might put a stop to its current downtrend.
Despite the market lacking direction, technical chart analysis strongly suggests Citigroup is positioned for a downward move in the near term.