- Bullish session prepares challenge of $131.8 level, currently 95 cents above current price of $132.75
- Market bulls strengthened by lower Bollinger Band® currently at $272.58
As the trading day comes to an end, chart analysis indicates HSBC Holdings's run now faces a challenge at $28.95, which is only 62 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Technical analysis trend indicators suggest that HSBC'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 $28.7, thereby suggesting that HSBC Holdings is becoming overvalued.
For the time being, HSBC Holdings remains flat without a clear direction.
Following today's trading session, chart analysis suggests it will be interesting to follow how Allstate's run now faces a challenge at $131.8, which is only 95 cents away. Concerning technical analysis and more specifically, trend indicators, around $129.9, Allstate can look to establish a new bullish phase beyond its 5 day Simple Moving Average. According to asset volatility analysis, Allstate's upper Bollinger Band® is now at $135.18.
For the time being, Allstate remains flat without a clear direction.
Following today's trading session, chart analysis suggests Berkshire Hathaway's recent run now faces a major challenge as concentrated supply is likely found at $310.85 with price action currently 23 cents away. Trend analysis indicates that Berkshire Hathaway's CCI indicator is above +100. Asset volatility analysis shows that Berkshire Hathaway's upper Bollinger Band® is at $311.72.
For the time being, Berkshire Hathaway remains flat without a clear direction.
Goldman Sachs's run now faces a challenge at $390.19, which is only $5.9 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Despite posting gains so far today, Goldman Sachs slid below its 3 day Simple Moving Average at $381.95 in earlier trade — an early indicator that a negative trend could be emerging. 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. Goldman Sachs's upper Bollinger Band® is at $393.57.
Technical analysis of Goldman Sachs price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Fundamental indicators – new United States Producer Price Index data fell short of the 0.4% projected by analysts with a reading of 0.2% while failing to improve upon the previous reading from last month (0.2%).
Upcoming fundamentals: United States Core Retail Sales is projected to outperform its last figure with 0.4%, having previously been at 0.1%. The figure will be published tomorrow at 13:30 UTC.