- NewMarket bearish trend is facing a possible turning point at $337.04
- Inspira Technologies Oxy's upper Bollinger Band® is at $1.72 which indicates a further downward move may follow.
NewMarket Corporation made an initial foray below its 50 day Simple Moving Average around $341.44. The upper Bollinger Band® of NewMarket is at $353.86. On the other hand, note that a persuasive break of this target could lead to higher losses.
Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting NewMarket to extend its recent losses.
$1.53 marks the crossover point where Inspira Technologies Oxy price action falls below its 200 day Simple Moving Average. Weighed down by bearish sentiment, Inspira Technologies Oxy fell below $1.47 as its key Fibonacci support level with market bears already setting their sights on next Fib support at $1.37. Despite this, Inspira Technologies Oxy's lower Bollinger Band® is at $1.43. Inspira Technologies Oxy is trending down and heading towards $1.36, which is only 5 cents away now. Hitting this support line might signal a change of direction.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Inspira Technologies Oxy.
With regards to technical trend indicators, chart analysis show that Five Below's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Five Below is currently flirting with an active Fibonacci support level around $196. Analysis based on the asset volatility indicates that Five Below's lower Bollinger Band® is now at $196. Technical analysis shows that $193.67 is only $2.37 away for Five Below and might put a stop to its current downtrend.
For the time being, Five Below remains flat without a clear direction.
Upcoming fundamentals: United States Consumer Price Index is expected tomorrow at 12:30 UTC.