- Key support level at $298.77 currently only $2.68 away
- Moody's's upper Bollinger Band® is at $329.71 which indicates a further downward move may follow.
Moody's made an initial foray below its 50 day Simple Moving Average around $300.2. Moody's is hovering around the $298.58 Fibonacci support level. Despite this, a convincing break of this target could pave the way for deeper losses. Moody's's lower Bollinger Band® is now at $298.69.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Moody's.
HSBC's recent run now faces a major challenge as concentrated supply is likely found at $37.48 with price action currently 14 cents away. Despite posting gains on Friday, HSBC Holdings slid below its 5 day Simple Moving Average at $37.06 during the last session — an early indicator that a negative trend could be emerging. HSBC's upper Bollinger Band® is at $37.75.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates HSBC Holdings is set for a reversal in the coming days.
Around $26.39, Old Republic International can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, Old Republic International's run now faces a challenge at $26.6, which is only 9 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 Old Republic International might continue pointing upwards in the short term.
Technical chart analysis shows a persuasive break of this target could lead to higher losses. Technical analysis trend indicators suggest that $101.18 marks the crossover point where Prudential Financial price action falls below its 50 day Simple Moving Average. Price action remains constrained around the key Fibonacci level of $100.94 currently serving as support. If price action breaks below, the next Fib hurdle is $100. According to asset volatility analysis, the lower Bollinger Band® of Prudential Financial is at $100.41.
For the time being, Prudential Financial remains flat without a clear direction.
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