- Buoyed by a strong session amid an uptrend, Aflac is 36 cents away from testing key resistance at $68.56
- The lower Bollinger Band® is currently at $350.79 while the higher band is at $384.65
With regards to technical trend indicators, chart analysis show that S&P Global's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. According to asset volatility analysis, S&P Global's upper Bollinger Band® is now at $384.65. Following today's trading session, chart analysis suggests S&P Global's run now faces a challenge at $385.05, which is only 53 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, while S&P Global has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Trend and momentum analysis indicates that Aflac's CCI indicator is above +100. Japanese candlestick formations show 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. Asset volatility analysis shows that Aflac's upper Bollinger Band® is at $68.95. As the trading day comes to an end, chart analysis indicates Aflac's recent run now faces a major challenge as concentrated supply is likely found at $68.56 with price action currently 36 cents away.
For the time being, Aflac remains flat without a clear direction.
American Express made an initial foray below its 3 day Simple Moving Average around $171.5. Bollinger Band® analysis indicates that current price action is approaching the upper band at $175.62, thereby suggesting that American Express is becoming overvalued. American Express's recent run now faces a major challenge as concentrated supply is likely found at $172.71 with price action currently 69 cents away.
Technical analysis of American Express price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Following today's trading session, chart analysis suggests Citigroup's recent run now faces a major challenge as concentrated supply is likely found at $48.67 with price action currently 46 cents away. Concerning technical analysis and more specifically, trend indicators, Citigroup's CCI indicator is above +100. Analysis based on the asset volatility indicates that Citigroup's upper Bollinger Band® is at $48.42.
Notwithstanding Citigroup's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Fundamental indicators – highly important Initial Jobless Claims data from United States beat analyst expectations of 235,000 with a reading of 261,000.