- First Citizens Bank's recent run now faces a challenge at $1,026.5
- Upper Bollinger Band® currently at $59.86
According to momentum evaluation, the Relative Strength Index indicates First Citizens BancShares, Inc. is in an overbought condition. A study of First Citizens Bank's historical price actions shows First Citizens Bank's run now faces a challenge at $1,026.5, which is only $28.17 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Around $54.25, Assured Guaranty can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Assured Guaranty is eyeing the $53.81 support line. In contrast, Assured Guaranty is hovering around the $54 Fibonacci support level. Assured Guaranty has formed a "bearish harami” pattern.
Despite muted price action in Assured Guaranty, chart analysis indicates it is positioned for a bullish run in the short term.
Credicorp's recent run now faces a major challenge as concentrated supply is likely found at $132.9 with price action currently 49 cents away. Despite posting gains so far today, Credicorp slid below its 10 day Simple Moving Average at $130.55 in earlier trade — an early indicator that a negative trend could be emerging. Credicorp's upper Bollinger Band® is now at $135.85.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Credicorp is set for a reversal in the coming days.
Trend and momentum analysis indicates that Commerce Bancshares's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that the lower Bollinger Band® of Commerce Bancshares is at $54.08. Technical chart analysis shows the nearest resistance level is at $56.11, followed by $57.93 at the next level; support levels are at $53.15 and followed by $52 at the next level.
For the time being, Commerce Bancshares remains flat without a clear direction.
Fundamental indicators – Crude Oil Inventories in United States fell short of market expectations (-1 million) with a reading of -4.58 million, continuing the decline from the previous figure of 597,000.
Upcoming fundamentals: United States Philadelphia Fed Manufacturing Index (Apr) will be released tomorrow at 12:30 UTC.