- Prosperity Bancshares bearish trend is facing a possible turning point at $73.7
- Lloyds Banking Group's upper Bollinger Band® is at $2.31 which indicates a further downward move may follow.
$75.18 marks the crossover point where Prosperity Bancshares, Inc. price action falls below its 5 day Simple Moving Average. The upper Bollinger Band® of Prosperity is at $76.73. Despite this, Prosperity Bancshares is eyeing the $73.7 support line.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Prosperity Bancshares to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the Texan bank is expected to attract significant bearish sentiment in the coming days.
Regions Financial Corp made an initial foray below its 5 day Simple Moving Average around $22.85. Regions Financial Corp's upper Bollinger Band® is at $23.44. In contrast, Regions Financial Corp is eyeing the $22.5 support line.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Regions Financial Corp to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the bank holding company is expected to attract significant bearish sentiment in the coming days.
$812.54 marks the crossover point where First Citizens Bank price action falls below its 21 day Simple Moving Average. On the other hand, note that First Citizens Bank is eyeing the $788.73 support line.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts First Citizens Bank to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the banking holding giant is expected to attract significant bearish sentiment in the coming days.
As the trading day comes to an end, chart analysis indicates Lloyds Banking Group is eyeing the $2.21 support line. Concerning technical analysis and more specifically, trend indicators, Lloyds Banking Group'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 Lloyds Banking Group's upper Bollinger Band® at $2.31, suggesting a further decline is forthcoming.
For the time being, Lloyds Banking Group remains flat without a clear direction.
Fundamental indicators – United States ISM Manufacturing PMI (Nov) released today at 15:00 UTC with a figure of 49, while the previous figure was 50.2.
Upcoming fundamentals: projections for United States Non Farm Payrolls are set for a continuation of decline with 200,000 while previous data was 261,000; data will be released tomorrow at 13:30 UTC.