- Synchrony Financial breaks 7 cents below established support around $32.12
- The upper Bollinger Band® of Futu Holdings Limited is at $51.63.
Trend and momentum analysis indicates that PNC Financial Services Group Inc's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to momentum evaluation, the Relative Strength Index shows PNC is in oversold condition. Analysis based on the asset volatility indicates that PNC's lower Bollinger Band® is at $139.15.
For the time being, PNC remains flat without a clear direction.
Futu Holdings Limited's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. Despite this, a convincing break of this target could pave the way for deeper losses. Futu Holdings Limited's lower Bollinger Band® is at $44.14, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Futu Holdings Limited.
As the day gets underway, chart analysis suggests Synchrony Financial fell below the $32.12 support zone and receded 7 cents beyond it. Technical analysis trend indicators suggest that Synchrony Financial's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $33.21, a low enough level to, generally, suggest that Synchrony Financial is trading below its fair value.
For the time being, Synchrony Financial remains flat without a clear direction.
As the trading day commences, technical analysis suggests a persuasive break of this target could lead to higher losses. With regards to technical trend indicators, chart analysis show that RenaissanceRe's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, the lower Bollinger Band® of RenaissanceRe is at $202.43.
For the time being, RenaissanceRe remains flat without a clear direction.
Fundamental indicators – United States Non Farm Payrolls released today at 13:30 UTC is better than expected at 311,000 but down from preceding data of 504,000 according to new data.