- Current prices are bouncing away from strong support at $79.29
- Upper Bollinger Band® currently at $180.45
Visual analysis of Northern Trust's chart shows that Northern Trust Corp's run now faces a challenge at $79.29, which is only $6.43 away and will be interesting to follow.
Despite posting gains on yesterday, American Express slid below its 21 day Simple Moving Average at $161.58 during the last session — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $165.75, thereby suggesting that American Express is becoming overvalued. American Express's recent run now faces a major challenge as concentrated supply is likely found at $164.67 with price action currently 96 cents away.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest American Express is set for a reversal in the coming days.
Despite posting gains on yesterday, AIG slid below its 10 day Simple Moving Average at $50.87 during the last session — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $53.21, thereby suggesting that AIG is becoming overvalued. AIG's recent run now faces a major challenge as concentrated supply is likely found at $52.38 with price action currently 46 cents away.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates AIG is set for a reversal in the coming days.
Trend analysis indicates that Primerica's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Primerica's upper Bollinger Band® is at $180.45. Chart analysis suggests Primerica's run now faces a challenge at $180.12, which is only $1.18 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, Primerica remains flat without a clear direction.
Fundamental indicators – United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion.
Upcoming fundamentals: tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -2.46 million from the preceding figure of 597,000.