- Upstart Holdings's downtrend is set to be challenged by looming key support at $14.1
- Upstart Holdings's upper Bollinger Band® at $17.68, suggesting a further decline is forthcoming.
Around $14.63, Upstart Holdings, Inc. can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Upstart Holdings has formed a "bullish harami” candlestick pattern — typically an early indicator of a fading bear trend. Upstart Holdings's lower Bollinger Band® is at $13.69. In contrast, a convincing break of this target could pave the way for deeper losses.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Upstart Holdings is set to appreciate despite today's setback.
S&P Global's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. S&P Global is alternating around the $360.54 Fibonacci resistance level. S&P Global's upper Bollinger Band® was crossed by S&P Global at $358.84. On the other hand, note that S&P Global's run now faces a challenge at $360.04, which is only $2.54 away and will be interesting to follow.
Overall, looking at the technical analysis landscape, it seems S&P Global might continue pointing upwards in the short term.
Trend-focused traders would be interested to note that around $56.18, First American can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Price action overcame a known Fibonacci resistance level at $56.25 by around $1.36 with prices hammering out a $55.77 – $58 session range. According to asset volatility analysis, First American's upper Bollinger Band® is now at $58.17. Technical chart analysis shows First American's run now faces a challenge at $57.39, which is only 22 cents away. This should be interesting to follow.
For the time being, First American remains flat without a clear direction.
First Hawaiian, Inc. made an initial foray below its 5 day Simple Moving Average around $19.36. Despite this, bearish run for First Hawaiian, Inc. is facing a possible turning point at $19.04, which is only 7 cents away. If this support line fails to hold, the next target will be at $18.71. Bollinger Bands® shows an indication of recovery: the lower band is at $18.94, a low enough level to, generally, suggest that First Hawaiian, Inc. is trading below its fair value.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for First Hawaiian, Inc..
Fundamental indicators – United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3.
