- Strong bullish sentiment set to meet bearish fightback around key resistance at $479.88, currently $3.73 away
- The lower Bollinger Band® is currently at $25.2 while the higher band is at $27.66
Credit Acceptance chart analysis: Credit Acceptance Corporation's recent run now faces a major challenge as concentrated supply is likely found at $479.88 with price action currently $3.73 away. Trend analysis indicates that Credit Acceptance's CCI indicator is above +100. Analysis based on the asset volatility indicates that Credit Acceptance's upper Bollinger Band® is at $480.78.
Overall, while Credit Acceptance has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Chart analysis indicates AIG's run now faces a challenge at $63.96, which is only 33 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend-following investors would be interested to note that around $63.13, AIG can look to establish a new bullish phase beyond its 3 day Simple Moving Average. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $64.05, thereby suggesting that AIG is becoming overvalued.
Notwithstanding AIG's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Analysis of Bank of America's recent price action suggests Bank of America's recent run now faces a major challenge as concentrated supply is likely found at $33.28 with price action currently 14 cents away.
With regards to technical trend indicators, chart analysis show that Prudential's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Prudential's upper Bollinger Band® is now at $27.66. Technical analysis shows that Prudential's recent run now faces a major challenge as concentrated supply is likely found at $27.66 with price action currently 17 cents away.
Notwithstanding Prudential's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Fundamental indicators – United States Crude Oil Inventories improved upon its previous reading of -5.89 million with a new data release of 718,000.