- Church & Dwight's recent run now faces a challenge at $82.79
- GE's upper Bollinger Band® is at $88.84 which indicates a further downward move may follow.
Despite being in the red so far in the current trading session, General Electric peaked above its 5 day Simple Moving Average around $83.23 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $81, a low enough level to, generally, suggest that GE is trading below its fair value. $80.77 is only 70 cents away for GE and might put a stop to its current downtrend.
Overall, looking at the technical analysis landscape, it seems GE —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Technical analysis trend indicators suggest that Boeing's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Boeing's upper Bollinger Band® is now at $189.75. Boeing chart analysis: Boeing's recent run now faces a major challenge as concentrated supply is likely found at $190.14 with price action currently $1.89 away.
Overall, while Boeing has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Chart analysis indicates Church & Dwight's recent run now faces a major challenge as concentrated supply is likely found at $82.79 with price action currently 58 cents away.
Fundamental indicators – United States Interest Rate came out at 4.5, while a consensus of analysts was expecting 4.5.
Upcoming fundamentals: United States Retail Sales projected to decline to -0.1% while previous data was 1.3%; data will be released today at 13:30 UTC.