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March 25, 2023- Brown & Brown's CCI indicator is below -100
- The lower Bollinger Band® is currently at $25.27 while the higher band is at $29.19
Trend-focused traders would be interested to note that Brown & Brown, Inc.'s CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, Brown & Brown's lower Bollinger Band® is at $54.51, indicating that the market is oversold and fertile for new buyers.
For the time being, Brown & Brown remains flat without a clear direction.
Concerning technical analysis and more specifically, trend indicators, Janus Henderson's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Analysis based on the asset volatility indicates that Janus Henderson's lower Bollinger Band® is at $25.27, indicating that the market is oversold and fertile for new buyers.
For the time being, Janus Henderson remains flat without a clear direction.
Credicorp's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. Credicorp has just crossed the lower Bollinger Band® at $125.5, indicating further losses could be forthcoming.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Credicorp to extend its recent losses.
Yesterday's price action generated a Japanese candlestick pattern showing Lufax has formed a "bullish engulfing” pattern. With regards to technical trend indicators, chart analysis show that Lufax's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that Lufax's lower Bollinger Band® is at $1.83.
For the time being, Lufax remains flat without a clear direction.
