- Mettler Toledo bearish trend is facing a possible turning point at $1,430.71
- Ambev's upper Bollinger Band® at $3.03, suggesting a further decline is forthcoming.
$21.78 marks the crossover point where DoubleVerify Holdings, Inc. price action falls below its 5 day Simple Moving Average. Despite this, DoubleVerify's bearish trend is facing a possible turning point at $21.31, which is only 65 cents away. Will be interesting to follow.
Despite the market lacking direction, technical chart analysis strongly suggests DV is positioned for a downward move in the near term.
Mettler Toledo made an initial foray below its 21 day Simple Moving Average around $1,454.38. In contrast, bearish run for Mettler Toledo is facing a possible turning point at $1,430.71, which is only $14.74 away. If this support line fails to hold, the next target will be at $1,416.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Mettler Toledo to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the multinational scales manufacturer is expected to attract significant bearish sentiment in the coming days.
Around $2.77, Ambev can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Ambev's downtrend might be halted by its support level at $2.7, which is only 2 cents away.
Technical analysis shows that Ambev (currently on a downtrend) might reverse course and start going up in the short term.
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