- Price action oscillating around key resistance at $72.89
- Dolby Laboratories's upper Bollinger Band® was crossed by Dolby Laboratories at $74.22.
Around $73.35, Dolby Laboratories, Inc. can look to establish a new bullish phase beyond its 200 day Simple Moving Average. Dolby Laboratories has just crossed its upper Bollinger Band® at $74.22, suggesting further gains could be on the cards. Dolby Laboratories broke through the $72.89 resistance, climbing $1.98 above it. In contrast, the RSI is a momentum oscillator that measures changing price movements on a scale of 0-100. In Dolby Laboratories's case, the index has risen above 70, signalling that the asset is overbought.
Overall, looking at the technical analysis landscape, it seems Dolby Laboratories might continue pointing upwards in the short term.
Las Vegas Sands's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Las Vegas Sands has crossed the upper Bollinger Band® at $46.72, a potential sign that further gains are to follow. Despite this, the Relative Strength Index shows Las Vegas Sands has gone up above 70 going into overbought territory.
Overall, looking at the technical analysis landscape, it seems Las Vegas Sands might continue pointing upwards in the short term.
Despite posting gains on today, Target slid below its 21 day Simple Moving Average at $163.49 during the last session — an early indicator that a negative trend could be emerging. Target's recent run now faces a major challenge as concentrated supply is likely found at $168.39 with price action currently $1.32 away.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Target is set for a reversal in the coming days.
Fundamental indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of -2.76 million with a reading of -12.58 million.
Upcoming fundamentals: United States Core PCE Price Index (MoM) (Oct) will be released tomorrow at 13:30 UTC.