- Bank of Hawaii bearish trend is facing a possible turning point at $74.78
- The lower Bollinger Band® is currently at $79.61 while the higher band is at $97.04
Bank of Hawaii Corporation's lower Bollinger Band® is now at $73.76. Bank of Hawaii is trending down and heading towards $74.78, which is only 92 cents away now. Hitting this support line might signal a change of direction.
Technical analysis shows that Bank of Hawaii (currently on a downtrend) might reverse course and start going up in the short term.
Trend-focused traders would be interested to note that around $43.81, Wells Fargo can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Wells Fargo is hovering above a known Fibonacci resistance level of $44.67. Analysis based on the asset volatility indicates that Wells Fargo's upper Bollinger Band® is at $45.59. Analysis of Wells Fargo's recent price action suggests Wells Fargo's run now faces a challenge at $45.28, which is only 45 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, Wells Fargo remains flat without a clear direction.
Around $92.74, Evercore can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Evercore is alternating around the $91.79 Fibonacci resistance level. In contrast, Evercore's recent run now faces a major challenge as concentrated supply is likely found at $96.97 with price action currently $1.7 away. Evercore's upper Bollinger Band® is now at $97.04.
According to technical analysis, it looks as if Evercore likely to continue pointing upward in the short term.
A persuasive break of this target could lead to higher losses. Despite being in the red so far in the current trading session, Regions Financial Corp peaked above its 10 day Simple Moving Average around $20.53 — typically an early indicator of a new bullish trend beginning to emerge. Regions Financial Corp's lower Bollinger Band® is at $19.2.
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.