Banco Santander, S.A.'s recent run now faces a challenge at $3.52
Bollinger analysis indicates upper Band® is at $27.35

Analysis of Banco Santander, S.A.'s recent price action suggests Banco Santander, S.A.'s recent run now faces a major challenge as concentrated supply is likely found at $3.52 with price action currently 4 cents away.

Shinhan Financial made an initial foray below its 50 day Simple Moving Average around $27.03. Shinhan Financial's upper Bollinger Band® at $27.35, suggesting a further decline is forthcoming. Despite this, Shinhan Financial is eyeing the $26.89 support line.

Despite the market lacking direction, technical chart analysis strongly suggests Shinhan Financial is positioned for a downward move in the near term.

Trend analysis indicates that despite posting gains on yesterday, Prudential Financial slid below its 5 day Simple Moving Average at $82.47 during the last session — an early indicator that a negative trend could be emerging. Analysis based on the asset volatility indicates that the lower Bollinger Band® of Prudential Financial is at $80.24. Prudential Financial chart analysis: Prudential Financial's run now faces a challenge at $84.24, which is only $1.67 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 Prudential Financial has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Orix Corp has formed a "bearish harami” pattern. Orix Corp's upper Bollinger Band® is at $87.08 which indicates a further downward move may follow. On the other hand, note that Orix Corp is eyeing the $84.94 support line.

Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Orix Corp to extend its recent losses.

Upcoming fundamentals: United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.1%; data will be released tomorrow at 12:30 UTC.