- KKR & Co. is trading at $57.08; its target level is $56.55
- American Financial's upper Bollinger Band® at $138.94, suggesting a further decline is forthcoming.
Analysis of HSBC's recent price action suggests a persuasive break of this target could lead to higher losses.
Around $237.13, Erie Indemnity can look to establish a new bullish phase beyond its 10 day Simple Moving Average. On the other hand, note that Erie Indemnity's recent run now faces a major challenge as concentrated supply is likely found at $241.44 with price action currently $1.65 away.
Overall, looking at the technical analysis landscape, it seems Erie Indemnity might continue pointing upwards in the short term.
A convincing break of this target could pave the way for deeper losses. Despite being in the red so far in the current trading session, American Financial peaked above its 10 day Simple Moving Average around $133.19 — typically an early indicator of a new bullish trend beginning to emerge. American Financial's lower Bollinger Band® is now at $128.86.
Technical analysis indicates that American Financial (currently on a downtrend) might reverse course and start pointing upward in the short term.
KKR & Co.'s run now faces a challenge at $56.55, which is only 53 cents away and will be interesting to follow. Around $57.06, KKR & Co. can look to establish a new bullish phase beyond its 21 day Simple Moving Average.
Despite muted price action in KKR & Co., chart analysis indicates it is positioned for a bullish run in the short term.
Fundamental indicators – United States Factory Orders released yesterday at 15:00 UTC is better than expected at -1.6% but down from preceding data of 1.7% according to new data.
Upcoming fundamentals: tomorrow at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -308,000 from the preceding figure of 1.17 million.