- Goldman Sachs's recent run now faces a challenge at $367.92
- The lower Bollinger Band® is currently at $264 while the higher band is at $306.55
Technical analysis of Goldman Sachs's past price action reveals multiple support and resistance levels: Goldman Sachs's run now faces a challenge at $367.92, which is only $2.02 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 Goldman Sachs's CCI indicator is above +100. Goldman Sachs is alternating around the $366.69 Fibonacci resistance level. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $364.71, thereby suggesting that Goldman Sachs is becoming overvalued.
Overall, while Goldman Sachs has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Chart analysis indicates Popular is eyeing the $68.08 support line. Trend and momentum analysis indicates that Popular's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Popular bounced 25.04 cents away from Fibonacci support at $68.2. Asset volatility analysis shows that Popular's upper Bollinger Band® is at $69.2.
For the time being, Popular remains flat without a clear direction.
Technical analysis shows that Citigroup's recent run now faces a major challenge as concentrated supply is likely found at $49.32 with price action currently 23 cents away. Trend and momentum analysis indicates that Citigroup's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Citigroup's upper Bollinger Band® is now at $49.07.
Notwithstanding Citigroup's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Technical analysis shows that Citigroup's recent run now faces a major challenge as concentrated supply is likely found at $49.32 with price action currently 23 cents away. Trend and momentum analysis indicates that Citigroup's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Citigroup's upper Bollinger Band® is now at $49.07.
Notwithstanding Citigroup's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Fundamental indicators – United States Consumer Price Index came out at -0.1%, while a consensus of analysts was expecting 0%.