- Morningstar's recent run now faces a challenge at $190.7
- The lower Bollinger Band® is currently at $110 while the higher band is at $133.46
Technical analysis shows that Morningstar, Inc.'s recent run now faces a major challenge as concentrated supply is likely found at $190.7 with price action currently $3.51 away.
Around $185.27, CME Group can look to establish a new bullish phase beyond its 10 day Simple Moving Average. CME Group is hovering above a known Fibonacci resistance level of $185.48. CME Group's lower Bollinger Band® is at $181.41, indicating that the market is oversold and fertile for new buyers. On the other hand, note that CME Group's run now faces a challenge at $186.52, which is only 83 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems CME Group might continue pointing upwards in the short term.
$27.03 marks the crossover point where Shinhan Financial price action falls below its 50 day Simple Moving Average. Shinhan Financial's upper Bollinger Band® is at $27.35, suggesting that a downward move may follow. In contrast, Shinhan Financial is eyeing the $26.89 support line.
Despite the market lacking direction, technical chart analysis strongly suggests Shinhan Financial is positioned for a downward move in the near term.
Despite posting gains on yesterday, Assurant slid below its 3 day Simple Moving Average at $131.11 during the last session — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $133.46, thereby suggesting that Assurant is becoming overvalued. Assurant's recent run now faces a major challenge as concentrated supply is likely found at $132.31 with price action currently 66 cents away.
Technical analysis suggests there could be an imminent reversal for Assurant.
Upcoming fundamentals: United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.1%; data will be released tomorrow at 12:30 UTC.