- Assured Guaranty bearish trend is facing a possible turning point at $53.2
- The lower Bollinger Band® is currently at $312 while the higher band is at $343.12
$53.64 marks the crossover point where Assured Guaranty Ltd. price action falls below its 10 day Simple Moving Average. Assured Guaranty is hovering around the $54 Fibonacci support level. Despite this, Assured Guaranty is eyeing the $53.2 support line.
Several technical indicators are adding weight to the bearish momentum seen today and forecasting Assured Guaranty to extend its recent losses.
$204.84 marks the crossover point where LPL Financial price action falls below its 3 day Simple Moving Average. LPL Financial's upper Bollinger Band® is at $208.92 which indicates a further downward move may follow. On the other hand, note that LPL Financial is eyeing the $204.22 support line.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for LPL Financial.
Around $336.83, Goldman Sachs can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Price action overcame a known Fibonacci resistance level at $336.3 by around $2.41 with prices hammering out a $334.69 – $339.31 session range. On the other hand, note that Goldman Sachs's run now faces a challenge at $340.57, which is only $1.86 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Bollinger Band® analysis indicates that current price action is approaching the upper band at $343.12, thereby suggesting that Goldman Sachs is becoming overvalued.
Overall, looking at the technical analysis landscape, it seems Goldman Sachs likely to continue pointing upward in the short term.
Regions Financial Corp is eyeing the $18.74 support line. Despite being in the red so far in the current trading session, Regions Financial Corp peaked above its 3 day Simple Moving Average around $18.95 — typically an early indicator of a new bullish trend beginning to emerge. In contrast, Regions Financial Corp's upper Bollinger Band® is at $19.11.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Regions Financial Corp is set to appreciate despite today's setback.
Fundamental indicators – United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million.