- Existing downtrend raises chances of a convincing break of current support target at $175.43
- Mastercard's upper Bollinger Band® is at $381.14 which indicates a further downward move may follow.
Around $26.39, Old Republic International Corporation can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, Old Republic International's run now faces a challenge at $26.6, which is only 9 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, looking at the technical analysis landscape, it seems Old Republic International might continue pointing upwards in the short term.
Around $126.13, Cincinnati Financial Corp can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, Cincinnati Financial Corp's recent run now faces a major challenge as concentrated supply is likely found at $127.91 with price action currently 88 cents away.
Overall, looking at the technical analysis landscape, it seems Cincinnati Financial Corp might continue pointing upwards in the short term.
Bearish run for American Express is facing a possible turning point at $175.43, which is only $1.87 away. If this support line fails to hold, the next target will be at $173.57.
$362.16 marks the crossover point where Mastercard price action falls below its 50 day Simple Moving Average. Mastercard is hovering around the $360.53 Fibonacci support level. On the other hand, note that $358.41 is only $2.72 away for Mastercard and might put a stop to its current downtrend. Mastercard's lower Bollinger Band® is now at $361.89.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Mastercard.
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