- Strong bullish sentiment set to meet bearish fightback around key resistance at $62.23, currently $1.02 away
- Upper Bollinger Band® currently at $83
Chart analysis indicates PVH Corp's run now faces a challenge at $62.23, which is only $1.02 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend-focused traders would be interested to note that PVH's CCI indicator is above +100. Asset volatility analysis shows that PVH Corp's upper Bollinger Band® is now at $65.59.
Overall, while PVH has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Technical chart analysis shows Glaxo's recent run now faces a major challenge as concentrated supply is likely found at $34.09 with price action currently 8 cents away. With regards to technical trend indicators, chart analysis show that GlaxoSmithKline's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $34.19, thereby suggesting that GlaxoSmithKline is becoming overvalued.
Notwithstanding GlaxoSmithKline's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Technical analysis trend indicators suggest that Oracle's CCI indicator is above +100. According to momentum evaluation, the Relative Strength Index indicates Oracle is in an overbought condition. According to asset volatility analysis, Oracle's upper Bollinger Band® is at $83. A study of Oracle's chart reveals various key levels to watch: Oracle's run now faces a challenge at $83.56, which is only 48 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, while Oracle has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.