- Solid trading session sets up assault on pivotal resistance at $39.61; currently 5 cents away
- The lower Bollinger Band® is currently at $61.32 while the higher band is at $65.97
Technical chart analysis shows Unum Group's run now faces a challenge at $39.61, which is only 5 cents away and will be interesting to follow. Trend-following investors would be interested to note that around $39.66, Unum Group can look to establish a new bullish phase beyond its 200 day Simple Moving Average. Analysis based on the asset volatility indicates that Unum's upper Bollinger Band® is now at $40.36.
For the time being, Unum remains flat without a clear direction.
Trend and momentum analysis indicates that AIG's CCI indicator is above +100. According to asset volatility analysis, AIG's upper Bollinger Band® is at $52.39. Support/Resistance levels obtained from chart analysis indicate that AIG's run now faces a challenge at $51.43, which is only 9 cents 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, AIG remains flat without a clear direction.
Trend analysis indicates that Aflac's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Aflac is hovering above a known Fibonacci resistance level of $65.54. Asset volatility analysis shows that Aflac's upper Bollinger Band® is at $65.97. Chart analysis indicates Aflac's recent run now faces a major challenge as concentrated supply is likely found at $65.28 with price action currently 49 cents away.
Overall, while Aflac has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Technical analysis of Wells Fargo's past price action reveals multiple support and resistance levels: Wells Fargo's recent run now faces a major challenge as concentrated supply is likely found at $39 with price action currently 24 cents away. Concerning technical analysis and more specifically, trend indicators, Wells Fargo's CCI indicator is above +100. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $39.8, thereby suggesting that Wells Fargo is becoming overvalued.
For the time being, Wells Fargo remains flat without a clear direction.
Fundamental indicators – United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.