- Ongoing downtrend raises chances of a persuasive break of existing support at $33.03
- Banco Santander, S.A.'s upper Bollinger Band® at $3.43, suggesting a further decline is forthcoming.
Despite being in the red so far in the current trading session, Bank of America peaked above its 21 day Simple Moving Average around $33.41 — typically an early indicator of a new bullish trend beginning to emerge. A persuasive break of this target could lead to higher losses.
Technical analysis shows that Bank of America (currently on a downtrend) might reverse course and start going up in the short term.
American Express's downtrend might be halted by its support level at $142.95, which is only $3.9 away. American Express's lower Bollinger Band® is at $142.41.
Technical analysis shows that American Express (currently on a downtrend) might reverse course and start going up in the short term.
Despite being in the red so far in the current trading session, Banco Santander, S.A. peaked above its 10 day Simple Moving Average around $3.24 — typically an early indicator of a new bullish trend beginning to emerge. A convincing break of this target could pave the way for deeper losses.
Technical analysis indicates that Banco Santander, S.A. (currently on a downtrend) might reverse course and start pointing upward in the short term.
Trend analysis indicates that despite being in the red so far in the current trading session, Wells Fargo peaked above its 10 day Simple Moving Average around $43 — typically an early indicator of a new bullish trend beginning to emerge. Analysis based on the asset volatility indicates that Wells Fargo's upper Bollinger Band® is at $44.25 which indicates a further downward move may follow. A study of Wells Fargo's chart reveals various key levels to watch: a convincing break of this target could pave the way for deeper losses.
For the time being, Wells Fargo remains flat without a clear direction.
Fundamental indicators – data from United States concerning Crude Oil Inventories was released today at 16:00 UTC. Newly published figures emphasized continued decline from last month's figure of 18.96 million to 8.41 million this month.
Upcoming fundamentals: United States Existing Home Sales (Dec) will be released tomorrow at 15:00 UTC.