- Strong bullish sentiment set to meet bearish fightback around key resistance at $76.11, currently 58 cents away
- The lower Bollinger Band® is currently at $71.42 while the higher band is at $75.47
Trend-focused traders would be interested to note that Hartford Financial Services Group Inc's CCI indicator is above +100. According to asset volatility analysis, The Hartford's upper Bollinger Band® is at $75.47. Chart analysis indicates The Hartford's run now faces a challenge at $76.11, which is only 58 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Notwithstanding The Hartford's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Technical analysis trend indicators suggest that around $107.87, Discover can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Asset volatility analysis shows that Discover Financial Services's upper Bollinger Band® is now at $111.57. Technical analysis of Discover Financial Services's past price action reveals multiple support and resistance levels: Discover's recent run now faces a major challenge as concentrated supply is likely found at $109.43 with price action currently 77 cents away.
Overall, while Discover Financial Services has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Goldman Sachs's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. Goldman Sachs's recent run now faces a major challenge as concentrated supply is likely found at $388.5 with price action currently $2.25 away.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Goldman Sachs is set for a reversal in the coming days.
Technical analysis shows that Mastercard's run now faces a challenge at $351.58, which is only $2.94 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. With regards to technical trend indicators, chart analysis show that Mastercard's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $356.18, thereby suggesting that Mastercard is becoming overvalued.
Notwithstanding Mastercard's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Fundamental indicators – United States Crude Oil Inventories fell short of the -1 million projections, with new data of -3.69 million.