Assurant is trending down and might signal a change of direction
Upper Bollinger Band® currently at $71.39

Assurant Inc's downtrend might be halted by its support level at $114.81, which is only $1.3 away. Despite being in the red so far in the current trading session, Assurant peaked above its 5 day Simple Moving Average around $118.52 — typically an early indicator of a new bullish trend beginning to emerge.

Technical analysis indicates that Assurant (currently on a downtrend) might reverse course and start pointing upward in the short term.

Credicorp's upper Bollinger Band® is now at $135.3. Credicorp's run now faces a challenge at $133.92, which is only $2.3 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 Credicorp is set for a reversal in the coming days.

With regards to technical trend indicators, chart analysis show that HDFC Bank's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $71.39, thereby suggesting that HDFC Bank is becoming overvalued. Technical analysis shows that HDFC Bank's run now faces a challenge at $70.8, which is only 37 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Notwithstanding HDFC Bank's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Commerce Bancshares made an initial foray below its 5 day Simple Moving Average around $56. Despite this, Bollinger Bands® shows an indication of recovery: the lower band is at $54.44, a low enough level to, generally, suggest that Commerce Bancshares is trading below its fair value. Commerce Bancshares is trending down and heading towards $54.29, which is only 85 cents away now. Hitting this support line might signal a change of direction.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Commerce Bancshares.

Fundamental indicators – United States NY Empire State Manufacturing Index (Apr) released today at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.

Upcoming fundamentals: United States Building Permits (Mar) is scheduled for tomorrow at 12:30 UTC.