- Tractor Supply's downtrend is set to be challenged by looming key support at $235.29
- Around $194.06, Autodesk can look to establish a new bullish phase beyond its 10 day Simple Moving Average.
Around $194.06, Autodesk can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Autodesk is alternating around the $192.53 Fibonacci resistance level. Autodesk's lower Bollinger Band® is at $187.98, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Autodesk's run now faces a challenge at $196.98, which is only $2.19 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Autodesk might continue pointing upwards in the short term.
NiSource made an initial foray below its 21 day Simple Moving Average around $28.33. NiSource's upper Bollinger Band® is at $29.03 which indicates a further downward move may follow. Despite this, NiSource could begin to recover as it approaches significant support, now 21 cents away from $28.25. Dipping below could be an indication that further losses are ahead.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting NiSource to extend its recent losses.
Technical analysis trend indicators suggest that $234.89 marks the crossover point where Tractor Supply price action falls below its 50 day Simple Moving Average. According to asset volatility analysis, the lower Bollinger Band® of Tractor Supply is at $231.34. A study of Tractor Supply's chart reveals various key levels to watch: a persuasive break of this target could lead to higher losses.
For the time being, Tractor Supply remains flat without a clear direction.
Fundamental indicators – United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3.