- Key support level at $127.92 currently only $1.66 away
- The upper Bollinger Band® of Lincoln National Corp is at $22.26.
Trend analysis indicates that JP Morgan Chase made an initial foray below its 50 day Simple Moving Average around $133.86. JP Morgan Chase is currently flirting with an active Fibonacci support level around $134.44. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $132.75, a low enough level to, generally, suggest that JP Morgan Chase is trading below its fair value. Technical chart analysis shows a convincing break of this target could pave the way for deeper losses.
For the time being, JP Morgan Chase remains flat without a clear direction.
Technical analysis shows that a persuasive break of this target could lead to higher losses. Trend-following investors would be interested to note that LNC's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that LNC's lower Bollinger Band® is at $19.05.
For the time being, LNC remains flat without a clear direction.
$128.11 marks the crossover point where Assurant price action falls below its 10 day Simple Moving Average. Despite this, a persuasive break of this target could lead to higher losses.
Despite the market lacking direction, technical chart analysis strongly suggests Assurant is positioned for a downward move in the near term.
TFS Financial Corp.'s CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. On the other hand, note that $11.1 is only 8 cents away for TFS Financial Corp. and might put a stop to its current downtrend.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting TFS Financial Corp. to extend its recent losses.
Fundamental indicators – United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800.