- Bullish session prepares challenge of $48.26 level, currently 61 cents above current price of $47.65
- Host Hotels & Resorts's upper Bollinger Band® at $19.05, suggesting a further decline is forthcoming.
Chart analysis suggests it will be interesting to follow how Skechers U.S.A., Inc.'s run now faces a challenge at $48.26, which is only 61 cents away. Trend analysis indicates that around $47.85, Skechers can look to establish a new bullish phase beyond its 5 day Simple Moving Average. According to asset volatility analysis, Skechers's upper Bollinger Band® is now at $49.85.
For the time being, Skechers remains flat without a clear direction.
$140.71 marks the crossover point where Valero price action falls below its 10 day Simple Moving Average. On the other hand, note that a convincing break of this target could pave the way for deeper losses.
In the short term, Valero is expected to maintain its recent downtrend and continue spiralling lower.
Trend-following investors would be interested to note that Host Hotels & Resorts'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 Host Hotels & Resorts's upper Bollinger Band® is at $19.05 which indicates a further downward move may follow. Support/Resistance levels obtained from chart analysis indicate that Host Hotels & Resorts could begin to recover as it approaches significant support, now 16 cents away from $18.37. Dipping below could be an indication that further losses are ahead.
For the time being, Host Hotels & Resorts remains flat without a clear direction.
Upcoming fundamentals: United States Crude Oil Inventories projected to decline to -1,000,000 while previous data was 533,000; data will be released tomorrow at 15:30 UTC.