- Wells Fargo's recent run now faces a challenge at $47.51
- Upper Bollinger Band® currently at $48.05
Wells Fargo & Company's run now faces a challenge at $47.51, which is only 6 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Wells Fargo's upper Bollinger Band® is now at $48.05.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Wells Fargo is set for a reversal in the coming days.
Equitable's run now faces a challenge at $31.04, which is only 20 cents away and will be interesting to follow. Bollinger Band® analysis indicates that current price action is approaching the upper band at $31.92, thereby suggesting that Equitable is becoming overvalued. In contrast, around $31.06, Equitable can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Equitable is hovering above a known Fibonacci resistance level of $30.95.
Technical analysis of Equitable price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Around $88.11, Wintrust can look to establish a new bullish phase beyond its 200 day Simple Moving Average. Carrying strong bullish sentiment, Wintrust surpassed $88.51 as its key Fibonacci resistance hurdle with sights already set on the next Fib level at $89.47. Wintrust's lower Bollinger Band® is at $86.13. Despite this, it will be interesting to follow how Wintrust's run now faces a challenge at $88.7, which is only 33 cents away.
Examining the technical analysis landscape, Wintrust might continue its downtrend in the short term.
Around $382.81, Goldman Sachs can look to establish a new bullish phase beyond its 10 day Simple Moving Average. On the other hand, note that Goldman Sachs's recent run now faces a major challenge as concentrated supply is likely found at $386.87 with price action currently $3.16 away. First developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In Goldman Sachs's case, the RSI has fallen below 30, indicating the asset is oversold.
Overall, looking at the technical analysis landscape, it seems Goldman Sachs might continue pointing upwards in the short term.
Fundamental indicators – United States Consumer Confidence beat the 100 projections, with 100.2.
Upcoming fundamentals: United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released today at 15:00 UTC.