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May 18, 2023- Key support level at $18.84 currently only 17 cents away
- The lower Bollinger Band® is currently at $17.8 while the higher band is at $18.64
Banco Santander-Chile's downtrend might be halted by its support level at $18.84, which is only 17 cents away. Banco Santander Chile made an initial foray below its 21 day Simple Moving Average around $18.92.
Looking forward, Banco Santander Chile is poised to extend its strong downtrend and continue declining.
KB Financial made an initial foray below its 21 day Simple Moving Average around $36.96. The upper Bollinger Band® of KB Financial is at $37.72. In contrast, KB Financial could begin to recover as it approaches significant support, now 12 cents away from $36.84. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems KB Financial is likely to start pointing downward in the short term.
Trend-following investors would be interested to note that Ares Capital's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Ares Capital's upper Bollinger Band® is at $18.64. Analysis of Ares Capital's recent price action suggests Ares Capital's run now faces a challenge at $18.51, which is only 4 cents away and will be interesting to follow.
For the time being, Ares Capital remains flat without a clear direction.
Around $98.71, Discover Financial Services can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Despite this, Discover Financial Services's run now faces a challenge at $99.65, which is only 14 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 Discover Financial Services might continue pointing upwards in the short term.
Fundamental indicators – United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million.
Upcoming fundamentals: United States Fed Chair Powell speech scheduled to come out tomorrow at 15:00 UTC.
