- Mondelez's recent run now faces a challenge at $65.28
- The lower Bollinger Band® is currently at $35.37 while the higher band is at $39.57
Mondelez International's recent run now faces a major challenge as concentrated supply is likely found at $65.28 with price action currently 29 cents away. Despite posting gains on Friday, Mondelez slid below its 5 day Simple Moving Average at $64.6 during the last session — an early indicator that a negative trend could be emerging.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Mondelez is set for a reversal in the coming days.
Around $39.05, OGE can look to establish a new bullish phase beyond its 200 day Simple Moving Average. On the other hand, note that OGE's upper Bollinger Band® is now at $39.57. OGE's run now faces a challenge at $39.49, which is only 25 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 OGE likely to continue pointing upward in the short term.
Vulcan Materials Co's run now faces a challenge at $180.13, which is only $1.24 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Bollinger Band® analysis indicates that current price action is approaching the upper band at $183.55, thereby suggesting that Vulcan Materials Co is becoming overvalued.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Vulcan Materials Co is set for a reversal in the coming days.