- Northern Trust target's is $75.17; currently at $78.16
- American Express's upper Bollinger Band® is at $166.97 which indicates a further downward move may follow.
Concerning technical analysis and more specifically, trend indicators, Northern Trust Corp's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. According to momentum evaluation, the Relative Strength Index indicates Northern Trust is in oversold condition. According to asset volatility analysis, Northern Trust's lower Bollinger Band® is now at $80.41. Analysis of Northern Trust's recent price action suggests Northern Trust's run now faces a challenge at $75.17, which is only $3 away and will be interesting to follow.
For the time being, Northern Trust remains flat without a clear direction.
$34.98 marks the crossover point where HSBC price action falls below its 21 day Simple Moving Average. On the other hand, note that HSBC Holdings is trending down and heading towards $34.77, which is only 16 cents away now. Hitting this support line might signal a change of direction.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting HSBC to extend its recent losses.
Bank of Hawaii is eyeing the $47.2 support line. Around $49.3, Bank of Hawaii can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Bollinger Bands® shows an indication of recovery: the lower band is at $47.58, a low enough level to, generally, suggest that Bank of Hawaii is trading below its fair value.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Bank of Hawaii is set to appreciate despite today's setback.
American Express's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. American Express is currently flirting with an active Fibonacci support level around $157.63. On the other hand, note that $155 is only $1.14 away for American Express and might put a stop to its current downtrend. The lower Bollinger Band® of American Express is at $156.83.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for American Express.
Fundamental indicators – United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000.
Upcoming fundamentals: today at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%.