- BlackRock's recent run now faces a challenge at $704.2
- Upper Bollinger Band® currently at $687
Around $681.69, BlackRock can look to establish a new bullish phase beyond its 50 day Simple Moving Average. BlackRock is alternating around the $695.24 Fibonacci resistance level. On the other hand, note that BlackRock's recent run now faces a major challenge as concentrated supply is likely found at $704.2 with price action currently $12.87 away. Bollinger Band® analysis indicates that current price action is approaching the upper band at $687, thereby suggesting that BlackRock is becoming overvalued.
According to technical analysis, it looks as if BlackRock likely to continue pointing upward in the short term.
Trend-following investors would be interested to note that JP Morgan Chase's CCI indicator is above +100. Price action overcame a known Fibonacci resistance level at $137 by around $1.73 with prices hammering out a $134.9 – $139.12 session range. Analysis based on the asset volatility indicates that JP Morgan Chase's upper Bollinger Band® is at $136.1. Technical analysis of JP Morgan Chase's past price action reveals multiple support and resistance levels: JP Morgan Chase's run now faces a challenge at $140.27, which is only $1.54 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Notwithstanding JP Morgan Chase's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
$87.97 marks the crossover point where Northern Trust price action falls below its 10 day Simple Moving Average. Northern Trust is currently flirting with an active Fibonacci support level around $88.76. Northern Trust's upper Bollinger Band® is at $90.55 which indicates a further downward move may follow. Despite this, Northern Trust's bearish trend is facing a possible turning point at $86.8, which is only $1.12 away. Will be interesting to follow.
In the short term, Northern Trust is expected to maintain its recent downtrend and continue spiralling lower.
Chart analysis indicates Mastercard's run now faces a challenge at $374.18, which is only $1.75 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend and momentum analysis indicates that Mastercard's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. According to asset volatility analysis, Mastercard's upper Bollinger Band® is now at $373.77.
For the time being, Mastercard remains flat without a clear direction.
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