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May 15, 2023
- Buoyed by a strong session amid an uptrend, Ameriprise Financial is $1.83 away from testing key resistance at $295.84
- Upper Bollinger Band® currently at $136.15
As Ameriprise Financial Inc's MACD index generated a crossover buy signal, the medium-term indication has turned positive. This occurs as the MACD line crosses above the MACD signal line. On the other hand, note that Ameriprise Financial's recent run now faces a major challenge as concentrated supply is likely found at $295.84 with price action currently $1.83 away.
Overall, looking at the technical analysis landscape, it seems Ameriprise Financial might continue pointing upwards in the short term.
Around $2.3, Lloyds Banking Group can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Lloyds Banking Group's lower Bollinger Band® is at $2.21, indicating that the market is oversold and fertile for new buyers. Despite this, Lloyds Banking Group's run now faces a challenge at $2.29, which is only 4 cents away and will be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Lloyds Banking Group might continue pointing upwards in the short term.
Around $3.4, Banco Santander, S.A. can look to establish a new bullish phase beyond its 3 day Simple Moving Average. In contrast, it will be interesting to follow how Banco Santander, S.A.'s run now faces a challenge at $3.41, which is only 3 cents away.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Banco Santander, S.A. to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the the Spanish banking colossus is expected to pick up significant bullish sentiment in the coming days.
Around $130.07, Assurant can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, it will be interesting to follow how Assurant's run now faces a challenge at $130.62, which is only 54 cents away.
Overall, looking at the technical analysis landscape, it seems Assurant might continue pointing upwards in the short term.
Fundamental indicators – United States NY Empire State Manufacturing Index (May) released today at 12:30 UTC with a figure of -31.8, while the previous figure was 10.8.
Upcoming fundamentals: United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC.
