- Buoyed by a strong session amid an uptrend, Lloyds Banking Group is 2 cents away from testing key resistance at $2.43
- Upper Bollinger Band® currently at $143.28
Around $100.44, Capital One Financial Corp can look to establish a new bullish phase beyond its 3 day Simple Moving Average. In contrast, Capital One's upper Bollinger Band® is now at $104.09. Capital One's recent run now faces a major challenge as concentrated supply is likely found at $104.6 with price action currently $1.75 away.
Overall, looking at the technical analysis landscape, it seems Capital One likely to continue pointing upward in the short term.
Trend analysis indicates that Lloyds Banking Group's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. According to momentum evaluation, the Relative Strength Index indicates Lloyds Banking Group is in an overbought condition. Friday's price action generated a Japanese candlestick pattern showing Lloyds Banking Group has formed a "Hanging Man” pattern. According to asset volatility analysis, Lloyds Banking Group's upper Bollinger Band® is at $2.42. A study of Lloyds Banking Group's historical price actions shows Lloyds Banking Group's run now faces a challenge at $2.43, which is only 2 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 Lloyds Banking Group's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Chart analysis indicates Bank of America's run now faces a challenge at $36.05, which is only 82 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 around $34.68, Bank of America can look to establish a new bullish phase beyond its 200 day Simple Moving Average. Bank of America is hovering above a known Fibonacci resistance level of $34.77. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $35.5, thereby suggesting that Bank of America is becoming overvalued.
Overall, while Bank of America has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Around $136.72, JP Morgan Chase can look to establish a new bullish phase beyond its 10 day Simple Moving Average. JP Morgan Chase is hovering above a known Fibonacci resistance level of $137.77. Despite this, JP Morgan Chase's upper Bollinger Band® is now at $143.28. JP Morgan Chase's run now faces a challenge at $146.07, which is only $3.06 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
According to technical analysis, it looks as if JP Morgan Chase likely to continue pointing upward in the short term.