Vontier trades at $18.88 today, after closing yesterday at $18.49 and gaining 39 cents (2.11%).
- United States's Consumer Confidence new data released of 102.5 below its previous figure.
- In contrast to today's gains, Vontier has been on a month bearish trend during which it lost $5.84 of its value.
Highly important Consumer Confidence data from United States beat analyst expectations of 106.5 with a reading of 102.5. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Aug) released today at 13:00 UTC with a figure of 13.1, while the previous figure was 16.
Vontier Corporation broke through the $18.78 resistance and climbed above it 10 cents; next resistance level is at $19.1. Investors are seeking long positions as Vontier price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Vontier has crossed the upper Bollinger Band® at $18.83, a potential sign that further gains are to follow.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Vontier to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Vontier is expected to pick up significant bullish sentiment in the coming days.
United States Crude Oil Inventories is projected to outperform its last figure with 200,000, having previously been at -1.73 million. The figure will be published tomorrow at 14:30 UTC. United States New Home Sales (Sep) is expected tomorrow at 14:00 UTC.
SAP is trading at $96.67 after ending yesterday's session at $91 (up 6.22%). ASML Holding is up 4.25%. Intuit is trading at $430.48 after ending yesterday's session at $417.76 (up 3.04%).
Trending downwards for around 1 year, 5 months. 25 days ago, Vontier fell to a low of $16.71 but has since recovered 10.65%.