- Starwood Property's recent run now faces a challenge at $21.64
- The lower Bollinger Band® is currently at $124.33 while the higher band is at $139.57
Trend analysis indicates that Starwood Property Trust, Inc.'s CCI indicator is above +100. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $21.66, thereby suggesting that Starwood Property is becoming overvalued. Chart analysis indicates Starwood Property's run now faces a challenge at $21.64, which is only 24 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Notwithstanding Starwood Property's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Despite being in the red so far in the current trading session, RenaissanceRe peaked above its 3 day Simple Moving Average around $180.72 — typically an early indicator of a new bullish trend beginning to emerge. A persuasive break of this target could lead to higher losses.
Overall, looking at the technical analysis landscape, it seems RenaissanceRe —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Trend-focused traders would be interested to note that Hilton Worldwide Holdings's CCI indicator is above +100. Asset volatility analysis shows that Hilton Worldwide Holdings's upper Bollinger Band® is at $139.57. Technical analysis shows that Hilton Worldwide Holdings's recent run now faces a major challenge as concentrated supply is likely found at $142.78 with price action currently $2.15 away.
For the time being, Hilton remains flat without a clear direction.
Upcoming fundamentals: United States Producer Price Index is projected to outperform its last figure with 0.5%. It previously stood at 0.4%; data will be released tomorrow at 13:30 UTC.