- Strong bullish sentiment set to meet bearish fightback around key resistance at $65.78, currently 2 cents away
- The lower Bollinger Band® is currently at $45.56 while the higher band is at $47.96
A study of National Fuel Gas's historical price actions shows National Fuel Gas Company's run now faces a challenge at $65.78, which is only 2 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 momentum evaluation, the Relative Strength Index indicates SAP is in an overbought condition. Technical analysis shows that SAP's recent run now faces a major challenge as concentrated supply is likely found at $110.27 with price action currently 38 cents away.
Wells Fargo's run now faces a challenge at $47.56, which is only 12 cents 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 $47.96, thereby suggesting that Wells Fargo is becoming overvalued.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Wells Fargo is set for a reversal in the coming days.