- Market bulls pushed prices $3 away from established support zone around $91.43
- The upper Bollinger Band® of AIG is at $64.7.
AIG chart analysis: a persuasive break of this target could lead to higher losses. Trend-following investors would be interested to note that AIG's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. According to momentum evaluation, the Relative Strength Index indicates AIG is in oversold condition. Analysis based on the asset volatility indicates that AIG's lower Bollinger Band® is at $54.33, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, AIG remains flat without a clear direction.
Support/Resistance levels obtained from chart analysis indicate that CNA Financial's bearish trend is facing a possible turning point at $39.46, which is only 34 cents away. Will be interesting to follow. Concerning technical analysis and more specifically, trend indicators, CNA Financial's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Momentum evaluation shows that the Relative Strength Index shows CNA Financial is in oversold condition. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $40.11, a low enough level to, generally, suggest that CNA Financial is trading below its fair value.
For the time being, CNA Financial remains flat without a clear direction.
Around $93.78, BOK Financial can look to establish a new bullish phase beyond its 200 day Simple Moving Average. BOK Financial's lower Bollinger Band® is at $95.04, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. BOK Financial bears struggled to gain ground beyond the support zone around $91.43 with prices climbing $3 as bulls regained control.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems BOK Financial is set to appreciate despite today's setback.
Analysis of HDFC Bank's recent price action suggests a convincing break of this target could pave the way for deeper losses. Trend analysis indicates that HDFC Bank's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $64.7, a low enough level to, generally, suggest that HDFC Bank is trading below its fair value.
For the time being, HDFC Bank remains flat without a clear direction.