- Mizuho Financial Group bearish trend is facing a possible turning point at $2.88
- Mizuho Financial Group's upper Bollinger Band® is at $2.96.
Mizuho Financial Group, Inc. made an initial foray below its 21 day Simple Moving Average around $2.88. The upper Bollinger Band® of Mizuho Financial Group is at $2.96. In contrast, bearish run for Mizuho Financial Group is facing a possible turning point at $2.88, which is only 3 cents away. If this support line fails to hold, the next target will be at $2.86.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Mizuho Financial Group to extend its recent losses.
$298.79 marks the crossover point where Moody's price action falls below its 10 day Simple Moving Average. Moody's is currently flirting with an active Fibonacci support level around $298.53. Moody's's upper Bollinger Band® at $307.07, suggesting a further decline is forthcoming. Despite this, Moody's's downtrend might be halted by its support level at $295.57, which is only $3.05 away.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Moody's to extend its recent losses.
Visa Inc.'s upper Bollinger Band® is at $230 which indicates a further downward move may follow. On the other hand, note that $224.87 is only $1.12 away for Visa Inc. and might put a stop to its current downtrend.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Visa Inc. to extend its recent losses.
Around $90.68, Raymond James Financial can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Raymond James's lower Bollinger Band® is at $87.05, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Raymond James Financial is trending down and heading towards $88.32, which is only $1.03 away now. Hitting this support line might signal a change of direction. Despite this, Raymond James Financial is hovering around the $89.31 Fibonacci support level.
Overall, looking at the technical analysis landscape, it seems Raymond James —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Fundamental indicators – United States Unemployment Rate came out at 3.5, better than analyst estimates of 3.6 and improving upon the previous reading of 3.6.