- Rocket Companies is trending down and might signal a change of direction
- Market bulls strengthened by lower Bollinger Band® currently at $286.43
Analysis of Rocket Companies's recent price action suggests a convincing break of this target could pave the way for deeper losses. Technical analysis trend indicators suggest that Rocket Companies's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that Rocket Companies's lower Bollinger Band® is at $6.14, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, Rocket Companies remains flat without a clear direction.
With regards to technical trend indicators, chart analysis show that Goldman Sachs's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Goldman Sachs is in an overbought condition. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $368.39, thereby suggesting that Goldman Sachs is becoming overvalued. A study of Goldman Sachs's chart reveals various key levels to watch: Goldman Sachs's recent run now faces a major challenge as concentrated supply is likely found at $360.45 with price action currently $2.54 away.
For the time being, Goldman Sachs remains flat without a clear direction.
Despite posting gains on Friday, Gallagher slid below its 5 day Simple Moving Average at $187.16 during the last session — an early indicator that a negative trend could be emerging. Gallagher's upper Bollinger Band® is now at $191.66. Gallagher's run now faces a challenge at $190.06, which is only $1.67 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Gallagher is set for a reversal in the coming days.
Around $36.95, Bank of America can look to establish a new bullish phase beyond its 200 day Simple Moving Average. On the other hand, note that Bank of America's recent run now faces a major challenge as concentrated supply is likely found at $37.12 with price action currently 33 cents away.
Overall, looking at the technical analysis landscape, it seems Bank of America might continue pointing upwards in the short term.
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