- Assured Guaranty bearish trend is facing a possible turning point at $52.03
- Assurant's upper Bollinger Band® is at $134.32.
With regards to technical trend indicators, chart analysis show that Assured Guaranty Ltd. made an initial foray below its 5 day Simple Moving Average around $52.38. Analysis based on the asset volatility indicates that Assured Guaranty's lower Bollinger Band® is at $51.58, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Chart analysis indicates bearish run for Assured Guaranty is facing a possible turning point at $52.03, which is only 53 cents away. If this support line fails to hold, the next target will be at $51.5.
Overall, while Assured Guaranty has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Around $38.11, Wells Fargo can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Price action overcame a known Fibonacci resistance level at $38.41 by around 13 cents with prices hammering out a $37.77 – $38.67 session range. In contrast, Wells Fargo's run now faces a challenge at $38.88, which is only 34 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Wells Fargo might continue pointing upwards in the short term.
Technical analysis trend indicators suggest that $131 marks the crossover point where Assurant price action falls below its 3 day Simple Moving Average. Visual analysis of Assurant's chart shows that Assurant is eyeing the $129.91 support line.
For the time being, Assurant remains flat without a clear direction.
Around $185.92, Morningstar can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Despite this, Morningstar's recent run now faces a major challenge as concentrated supply is likely found at $188.8 with price action currently $1.26 away.
Overall, looking at the technical analysis landscape, it seems Morningstar might continue pointing upwards in the short term.
Fundamental indicators – United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 3.62 million, while the previous figure was -3.94 million.
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