- Strong bullish sentiment set to meet bearish fightback around key resistance at $82.75, currently 73 cents away
- The lower Bollinger Band® is currently at $17.77 while the higher band is at $18.64
Technical analysis trend indicators suggest that around $18.28, Ares Capital Corporation can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Ares Capital is alternating around the $18.3 Fibonacci resistance level. According to asset volatility analysis, Ares Capital's upper Bollinger Band® is now at $18.64. Ares Capital's notable support and resistance levels: Ares Capital's recent run now faces a major challenge as concentrated supply is likely found at $18.57 with price action currently 11 cents away.
Overall, while Ares Capital has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Support/Resistance levels obtained from chart analysis indicate that American Express's downtrend might be halted by its support level at $159.23, which is only $1.36 away. With regards to technical trend indicators, chart analysis show that $162.38 marks the crossover point where American Express price action falls below its 21 day Simple Moving Average. Analysis based on the asset volatility indicates that American Express's lower Bollinger Band® is now at $158.59.
For the time being, American Express remains flat without a clear direction.
Trend analysis indicates that despite posting gains on yesterday, BOK Financial slid below its 10 day Simple Moving Average at $81.96 during the last session — an early indicator that a negative trend could be emerging. Asset volatility analysis shows that the lower Bollinger Band® of BOK Financial is at $79.95. A study of BOK Financial's chart reveals various key levels to watch: BOK Financial's run now faces a challenge at $82.75, which is only 73 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Notwithstanding BOK Financial's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Tradeweb Markets made an initial foray below its 10 day Simple Moving Average around $71.72. In contrast, $70.53 is only 80 cents away for Tradeweb Markets and might put a stop to its current downtrend.
In the short term, Tradeweb Markets is expected to maintain its recent downtrend and continue spiralling lower.
Upcoming fundamentals: as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of -0.1%. New data is set to be published tomorrow at 12:30 UTC.