- Prudential is trading at $32; its target level is $31.78
- Bollinger analysis indicates upper Band® is at $2.45
Prudential plc's CCI indicator is above +100. Prudential is eyeing the $31.78 support line.
Despite muted price action in Prudential, chart analysis indicates it is positioned for a bullish run in the short term.
Lloyds Banking Group made an initial foray below its 3 day Simple Moving Average around $2.4. The upper Bollinger Band® of Lloyds Banking Group is at $2.45. In contrast, Lloyds Banking Group is eyeing the $2.39 support line.
According to technical indicators, Lloyds Banking Group is positioned for a downward move in the short term.
$222.57 marks the crossover point where Visa Inc. price action falls below its 5 day Simple Moving Average. Visa Inc. is hovering around the $223.62 Fibonacci support level. On the other hand, note that a persuasive break of this target could lead to higher losses.
In the short term, Visa Inc. is expected to maintain its recent downtrend and continue spiralling lower.
American Express made an initial foray below its 50 day Simple Moving Average around $151.25. Price action pushed below a known Fibonacci support level at $152.36 by around $1.94 with prices hammering out a $150.33 – $154.61 range by session close. Despite this, $148.91 is only $1.51 away for American Express and might put a stop to its current downtrend.
Looking forward, American Express is poised to extend its strong downtrend and continue declining.
Fundamental indicators – data from United States concerning Producer Price Index was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.2% to -0.5% this month.
Upcoming fundamentals: today at 16:00 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -593,000 from the preceding figure of 18.96 million.