- HSBC's downtrend is set to be challenged by looming key support at $34
- HSBC Holdings's upper Bollinger Band® at $39.86, suggesting a further decline is forthcoming.
HSBC Holdings chart analysis: a persuasive break of this target could lead to higher losses. Trend-focused traders would be interested to note that HSBC's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that HSBC's lower Bollinger Band® is at $33.87, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, HSBC Holdings remains flat without a clear direction.
PayPal's run now faces a challenge at $76.61, which is only 67 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Bollinger Band® analysis indicates that current price action is approaching the upper band at $77.27, thereby suggesting that PayPal is becoming overvalued.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates PayPal is set for a reversal in the coming days.
Chart analysis suggests American Express's recent run now faces a major challenge as concentrated supply is likely found at $166.1 with price action currently $1.15 away. With regards to technical trend indicators, chart analysis show that American Express's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. American Express is hovering above a known Fibonacci resistance level of $164.09. Analysis based on the asset volatility indicates that American Express's lower Bollinger Band® is at $160.76.
For the time being, American Express remains flat without a clear direction.
Technical analysis shows that Citigroup's run now faces a challenge at $47.13, which is only 24 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-following investors would be interested to note that Citigroup's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that the lower Bollinger Band® of Citigroup is at $45.58.
Notwithstanding Citigroup's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
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