- Strong bullish sentiment set to meet bearish fightback around key resistance at $334.91, currently $5.44 away
- Market bulls strengthened by lower Bollinger Band® currently at $276.72
Trend-following investors would be interested to note that Mastercard's CCI indicator is above +100. Mastercard is alternating around the $325.66 Fibonacci resistance level. Asset volatility analysis shows that Mastercard's upper Bollinger Band® is now at $328.3. Visual analysis of Mastercard's chart shows that Mastercard's run now faces a challenge at $334.91, which is only $5.44 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, Mastercard remains flat without a clear direction.
Technical analysis shows that Goldman Sachs's recent run now faces a major challenge as concentrated supply is likely found at $344.27 with price action currently $2.45 away. With regards to technical trend indicators, chart analysis show that Goldman Sachs's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Goldman Sachs failed to break through the $342.58 Fibonacci resistance level. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $346.27, thereby suggesting that Goldman Sachs is becoming overvalued.
For the time being, Goldman Sachs remains flat without a clear direction.
Around $125.67, JP Morgan Chase can look to establish a new bullish phase beyond its 200 day Simple Moving Average. On the other hand, note that JP Morgan Chase's run now faces a challenge at $126.89, which is only 81 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems JP Morgan Chase might continue pointing upwards in the short term.
Around $269.17, Moody's can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Moody's is hovering above a known Fibonacci resistance level of $266.11. On the other hand, note that Moody's's upper Bollinger Band® is at $270.52. Moody's's recent run now faces a major challenge as concentrated supply is likely found at $273 with price action currently $3.91 away.
According to technical analysis, it looks as if Moody's likely to continue pointing upward in the short term.