- Strong bullish sentiment set to meet bearish fightback around key resistance at $141.14, currently 82 cents away
- Upper Bollinger Band® currently at $96.2
JP Morgan Chase's run now faces a challenge at $141.14, which is only 82 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. JP Morgan Chase's upper Bollinger Band® is at $142.77.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest JP Morgan Chase is set for a reversal in the coming days.
Technical analysis shows that Visa Inc.'s recent run now faces a major challenge as concentrated supply is likely found at $233.77 with price action currently $2.33 away. Concerning technical analysis and more specifically, trend indicators, Visa Inc.'s CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. According to momentum evaluation, the Relative Strength Index indicates Visa Inc. is in an overbought condition. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $233.68, thereby suggesting that Visa Inc. is becoming overvalued.
For the time being, Visa Inc. remains flat without a clear direction.
Around $95.34, Blackstone can look to establish a new bullish phase beyond its 200 day Simple Moving Average. In contrast, Blackstone's recent run now faces a major challenge as concentrated supply is likely found at $97.06 with price action currently $1.2 away. Blackstone's upper Bollinger Band® is now at $96.2.
Overall, looking at the technical analysis landscape, it seems Blackstone likely to continue pointing upward in the short term.
Janus Henderson is hovering above a known Fibonacci resistance level of $25.8. Janus Henderson has formed a "bullish engulfing” pattern. Despite this, it will be interesting to follow how Janus Henderson's run now faces a challenge at $25.98, which is only 19 cents away.
Upcoming fundamentals: United States Consumer Confidence is projected to outperform its last figure with 109, having previously been at 108.3. The figure will be published tomorrow at 15:00 UTC.