- Allstate bearish trend is facing a possible turning point at $128.13
- SEI Investments Company's upper Bollinger Band® at $57.71, suggesting a further decline is forthcoming.
Credit Acceptance Corporation's run now faces a challenge at $432.5, which is only $13.05 away and will be interesting to follow. Around $444.42, Credit Acceptance can look to establish a new bullish phase beyond its 21 day Simple Moving Average.
Overall, looking at the technical analysis landscape, it seems Credit Acceptance might start pointing upward in the short term.
SEI Investments Company's CCI indicator is above +100. SEI Investments Company is eyeing the $55.45 support line.
Despite suffering losses in today's session, technical analysis is indicating that SEI Investments Company will undergo a significant bounce in the immediate term.
With regards to technical trend indicators, chart analysis show that $67.66 marks the crossover point where Aflac price action falls below its 3 day Simple Moving Average. Momentum evaluation shows that the Relative Strength Index indicates Aflac is in an overbought condition. Chart analysis indicates Aflac could begin to recover as it approaches significant support, now 43 cents away from $67.09. Dipping below could be an indication that further losses are ahead.
For the time being, Aflac remains flat without a clear direction.
Bearish run for Allstate is facing a possible turning point at $128.13, which is only 19 cents away. If this support line fails to hold, the next target will be at $126. Allstate made an initial foray below its 21 day Simple Moving Average around $127.88.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Allstate to extend its recent losses.
Fundamental indicators – data for United States Crude Oil Inventories published yesterday at 15:30 UTC came out at 3.92 million, beating projections of 1.36 million and showing improvement over the preceding figure of -3.12 million.
Upcoming fundamentals: United States Consumer Price Index figure is projected at 0.6%. It previously stood at 0.4%; data will be released today at 13:30 UTC.