- Novartis bearish trend is facing a possible turning point at $85.39
- Novartis's upper Bollinger Band® is at $94.49.
Analysis of Prudential Financial's recent price action suggests Prudential Financial Inc's bearish trend is facing a possible turning point at $100.23, which is only $1.6 away. Will be interesting to follow. Trend-focused traders would be interested to note that around $101.9, Prudential Financial can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Prudential Financial bounced 89 cents away from Fibonacci support at $100.94. Asset volatility analysis shows that Prudential Financial's upper Bollinger Band® is at $105.22, suggesting that a downward move may follow.
For the time being, Prudential Financial remains flat without a clear direction.
With regards to technical trend indicators, chart analysis show that Trip.com's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, Trip.com's lower Bollinger Band® is at $35.31, indicating that the market is oversold and fertile for new buyers. Technical chart analysis shows it will be interesting to follow how Trip.com Group's run now faces a challenge at $36.35, which is only 21 cents away.
For the time being, Trip.com Group remains flat without a clear direction.
Support/Resistance levels obtained from chart analysis indicate that bearish run for Novartis is facing a possible turning point at $85.39, which is only 16 cents away. If this support line fails to hold, the next target will be at $84.93. Trend analysis indicates that Novartis's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. According to momentum evaluation, the Relative Strength Index indicates Novartis is in oversold condition. Analysis based on the asset volatility indicates that Novartis's lower Bollinger Band® is at $85.8.
For the time being, Novartis remains flat without a clear direction.
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