- Globe Life's recent run now faces a challenge at $108.74
- The lower Bollinger Band® is currently at $103.55 while the higher band is at $110.17
Credit Acceptance Corporation made an initial foray below its 5 day Simple Moving Average around $500.24. Credit Acceptance's upper Bollinger Band® is now at $519.34. It will be interesting to follow how Credit Acceptance's run now faces a challenge at $508, which is only $1.87 away.
Technical analysis suggests there could be an imminent reversal for Credit Acceptance.
Technical analysis trend indicators suggest that Globe Life's CCI indicator is above +100. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $110.17, thereby suggesting that Globe Life is becoming overvalued. Technical analysis shows that Globe Life's recent run now faces a major challenge as concentrated supply is likely found at $108.74 with price action currently 74 cents away.
Notwithstanding Globe Life's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Support/Resistance levels obtained from chart analysis indicate that Reinsurance Group of America's run now faces a challenge at $144.98, which is only 7 cents away and will be interesting to follow.
Around $45.73, Kemper can look to establish a new bullish phase beyond its 5 day Simple Moving Average. It will be interesting to follow how Kemper's run now faces a challenge at $46.34, which is only 45 cents away. In contrast, Kemper's upper Bollinger Band® is at $46.72.
Kemper continues to move higher with technical analysis indicating the trend will continue in the short term.
Fundamental indicators – United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released tomorrow at 14:30 UTC.