- JP Morgan Chase's recent run now faces a challenge at $125.21
- The lower Bollinger Band® is currently at $4.23 while the higher band is at $5.32
JP Morgan Chase's CCI indicator is above +100. On the other hand, note that JP Morgan Chase's recent run now faces a major challenge as concentrated supply is likely found at $125.21 with price action currently $1.1 away.
Overall, looking at the technical analysis landscape, it seems JP Morgan Chase might continue pointing upwards in the short term.
Credit Acceptance's upper Bollinger Band® at $478.49, suggesting a further decline is forthcoming. In contrast, Credit Acceptance is eyeing the $453.8 support line.
Despite the market lacking direction, technical chart analysis strongly suggests Credit Acceptance is positioned for a downward move in the near term.
AXIS Capital made an initial foray below its 50 day Simple Moving Average around $52.27. Bearish sentiment was sufficient to push prices below the known Fib level of $52.45 serving as intraday support. AXIS Capital's upper Bollinger Band® is at $52.72. Despite this, AXIS Capital is eyeing the $50.94 support line.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting AXIS Capital to extend its recent losses.
A study of Banco Bilbao Vizcaya Argentaria's historical price actions shows Banco Bilbao Vizcaya Argentaria's run now faces a challenge at $5.27, which is only 4 cents 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 Banco Bilbao Vizcaya Argentaria'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 $5.32, thereby suggesting that Banco Bilbao Vizcaya Argentaria is becoming overvalued.
For the time being, Banco Bilbao Vizcaya Argentaria remains flat without a clear direction.
Fundamental indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of 1 million with a reading of 2.59 million.
Upcoming fundamentals: United States GDP is projected to outperform its last figure with 2.4, having previously been at -0.6. The figure will be published today at 12:30 UTC.