- Buoyed by a strong session amid an uptrend, BlackRock is $4.63 away from testing key resistance at $675.36
- Upper Bollinger Band® currently at $676.92
BlackRock's run now faces a challenge at $675.36, which is only $4.63 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Despite posting gains on yesterday, BlackRock slid below its 10 day Simple Moving Average at $662.08 during the last session — an early indicator that a negative trend could be emerging. BlackRock's upper Bollinger Band® is at $676.92. Despite this, price action overcame a known Fibonacci resistance level at $668.7 by around $2.03 with prices hammering out a $658.53 – $671.51 session range.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest BlackRock is set for a reversal in the coming days.
Trend analysis indicates that around $70.23, The Hartford can look to establish a new bullish phase beyond its 200 day Simple Moving Average. According to asset volatility analysis, the upper Bollinger Band® of The Hartford is at $72.24. The Hartford chart analysis: The Hartford's run now faces a challenge at $69.26, which is only $1.57 away and will be interesting to follow.
Notwithstanding The Hartford's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
With regards to technical trend indicators, chart analysis show that around $300.39, Moody's can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Moody's is hovering above a known Fibonacci resistance level of $301.39. Asset volatility analysis shows that Moody's's upper Bollinger Band® is at $307.91. Analysis of Moody's's recent price action suggests Moody's's recent run now faces a major challenge as concentrated supply is likely found at $306.06 with price action currently $2.16 away.
Overall, while Moody's has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Deutsche Bank's upper Bollinger Band® is now at $10.86. Deutsche Bank's run now faces a challenge at $10.62, which is only 4 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Deutsche Bank is set for a reversal in the coming days.
Fundamental indicators – highly important Producer Price Index data from United States beat analyst expectations of 0.1% with a reading of -0.5%.
Upcoming fundamentals: as things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of -0.3%, following on from the preceding figure of -0.1%. New data is set to be published today at 12:30 UTC.