- Moody's bearish trend is facing a possible turning point at $237.89
- HSBC Holdings's upper Bollinger band at $31.26, suggesting a further decline is forthcoming.
Analysis of Moody's's recent price action suggests a convincing break of this target could pave the way for deeper losses. Momentum evaluation shows that the Relative Strength Index indicates Moody's is in oversold condition.
A persuasive break of this target could lead to higher losses. Bollinger bands shows an indication of recovery: the lower band is at $15.16, a low enough level to, generally, suggest that KeyCorp is trading below its fair value.
Technical analysis indicates that KeyCorp (currently on a downtrend) might reverse course and start pointing upward in the short term.
HSBC is trending down and heading towards $24.85, which is only 25 cents away now. Hitting this support line might signal a change of direction.
A convincing break of this target could pave the way for deeper losses. In contrast, price action pushed below a known Fibonacci support level at $148.03 by around 35 cents with prices hammering out a $147.19 – $150.78 range by session close.
Fundamental indicators – United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 4.318, while the previous figure was 3.564.
Upcoming fundamentals: United States Producer Price Index is projected to outperform its last figure with 0.2%. It previously stood at -0.1%; data will be released today at 12:30 UTC.