- Buoyed by a strong session amid an uptrend, Aflac is 52 cents away from testing key resistance at $62.4
- Upper Bollinger Band® currently at $62.18
With regards to technical trend indicators, chart analysis show that Aflac Inc's CCI indicator is above +100. Aflac is hovering above a known Fibonacci resistance level of $61.97. According to asset volatility analysis, Aflac's upper Bollinger Band® is at $62.18. Aflac's notable support and resistance levels: Aflac's run now faces a challenge at $62.4, which is only 52 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, while Aflac has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Around $56.07, Assured Guaranty can look to establish a new bullish phase beyond its 200 day Simple Moving Average. In contrast, Assured Guaranty's recent run now faces a major challenge as concentrated supply is likely found at $56.46 with price action currently 34 cents away. Assured Guaranty's upper Bollinger Band® is at $57.77.
According to technical analysis, it looks as if Assured Guaranty likely to continue pointing upward in the short term.
Trend analysis indicates that Prudential Financial's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $101.51, thereby suggesting that Prudential Financial is becoming overvalued. Technical analysis shows that Prudential Financial's recent run now faces a major challenge as concentrated supply is likely found at $101 with price action currently 87 cents away.
Notwithstanding Prudential Financial's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Around $139.21, RenaissanceRe can look to establish a new bullish phase beyond its 50 day Simple Moving Average. RenaissanceRe is alternating around the $140.14 Fibonacci resistance level. On the other hand, note that it will be interesting to follow how RenaissanceRe's run now faces a challenge at $144.02, which is only $1.8 away.
Overall, looking at the technical analysis landscape, it seems RenaissanceRe might continue pointing upwards in the short term.
Fundamental indicators – United States Services PMI released yesterday at 13:45 UTC with a figure of 46.6, while the previous figure was 49.3.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with 200,000. It previously stood at -1.73 million; data will be released tomorrow at 14:30 UTC.