- Strong bullish sentiment set to meet bearish fightback around key resistance at $36.6, currently 26 cents away
- Upper Bollinger Band® currently at $36.36
Analysis of Banco Bilbao Vizcaya Argentaria's recent price action suggests Banco Bilbao Vizcaya Argentaria, S.A.'s run now faces a challenge at $7.46, which is only 3 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-focused traders would be interested to note that Banco Bilbao Vizcaya Argentaria's CCI indicator is above +100. According to asset volatility analysis, Banco Bilbao Vizcaya Argentaria's upper Bollinger Band® is at $7.47.
Notwithstanding Banco Bilbao Vizcaya Argentaria's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Concerning technical analysis and more specifically, trend indicators, Mastercard's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $373.77, thereby suggesting that Mastercard is becoming overvalued. Chart analysis suggests Mastercard's recent run now faces a major challenge as concentrated supply is likely found at $374.18 with price action currently $1.75 away.
Overall, while Mastercard has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Trend-following investors would be interested to note that HSBC'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 HSBC Holdings's upper Bollinger Band® is now at $36.36. HSBC's notable support and resistance levels: HSBC Holdings's recent run now faces a major challenge as concentrated supply is likely found at $36.6 with price action currently 26 cents away.
For the time being, HSBC Holdings remains flat without a clear direction.
Technical analysis trend indicators suggest that Visa Inc.'s CCI indicator is above +100. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $234.68, thereby suggesting that Visa Inc. is becoming overvalued. A study of Visa Inc.'s chart reveals various key levels to watch: Visa Inc.'s run now faces a challenge at $235.26, which is only $1.24 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, Visa Inc. remains flat without a clear direction.
Fundamental indicators – United States Core Retail Sales published yesterday at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure.
