- Price action oscillating around key resistance at $146.44
- The lower Bollinger Band® is currently at $56.33 while the higher band is at $65.41
Primerica, Inc.'s CCI indicator is above +100. Primerica's upper Bollinger Band® was crossed by Primerica at $148.61.
Overall, looking at the technical analysis landscape, it seems Primerica might continue pointing upwards in the short term.
It will be interesting to follow how MarketAxess Holdings's run now faces a challenge at $259.92, which is only $8 away. Around $257.98, MarketAxess can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Carrying strong bullish sentiment, MarketAxess surpassed $262.51 as its key Fibonacci resistance hurdle with sights already set on the next Fib level at $283.3.
Overall, looking at the technical analysis landscape, it seems MarketAxess might continue pointing upwards in the short term.
Regions Financial Corp's recent run now faces a major challenge as concentrated supply is likely found at $23.07 with price action currently 14 cents away. Despite posting gains on yesterday, Regions Financial Corp slid below its 21 day Simple Moving Average at $22.63 during the last session — an early indicator that a negative trend could be emerging. Regions Financial Corp's upper Bollinger Band® is now at $23.48.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Regions Financial Corp is set for a reversal in the coming days.
Chart analysis suggests Assured Guaranty's run now faces a challenge at $66.2, which is only 37 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Concerning technical analysis and more specifically, trend indicators, Assured Guaranty's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Assured Guaranty is in a strong overbought condition. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $65.41, thereby suggesting that Assured Guaranty is becoming overvalued.
For the time being, Assured Guaranty remains flat without a clear direction.
Fundamental indicators – data from United States concerning Crude Oil Inventories was released yesterday at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of -3.69 million to -12.58 million this month.
Upcoming fundamentals: United States Core PCE Price Index (MoM) (Oct) will be released today at 13:30 UTC.