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April 15, 2023
- Buoyed by a strong session amid an uptrend, HSBC Holdings is 26 cents away from testing key resistance at $36.6
- Upper Bollinger Band® currently at $36.36
Concerning technical analysis and more specifically, trend indicators, Banco Bilbao Vizcaya Argentaria, S.A.'s CCI indicator is above +100. According to asset volatility analysis, Banco Bilbao Vizcaya Argentaria's upper Bollinger Band® is now at $7.47. A study of Banco Bilbao Vizcaya Argentaria's chart reveals various key levels to watch: Banco Bilbao Vizcaya Argentaria's recent run now faces a major challenge as concentrated supply is likely found at $7.46 with price action currently 3 cents away.
For the time being, Banco Bilbao Vizcaya Argentaria remains flat without a clear direction.
Huntington Bancshares Incorporated's run now faces a challenge at $11.72, which is only 31 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Despite posting gains on yesterday, Huntington Bancshares Incorporated slid below its 5 day Simple Moving Average at $11.31 during the last session — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $11.62, thereby suggesting that Huntington Bancshares Incorporated is becoming overvalued.
Technical analysis of Huntington Bancshares Incorporated price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Trend-following investors would be interested to note that HSBC's CCI indicator is above +100. Analysis based on the asset volatility indicates that HSBC Holdings's upper Bollinger Band® is at $36.36. HSBC chart analysis: HSBC Holdings's recent run now faces a major challenge as concentrated supply is likely found at $36.6 with price action currently 26 cents away.
For the time being, HSBC Holdings remains flat without a clear direction.
Technical chart analysis shows State Street's recent run now faces a major challenge as concentrated supply is likely found at $81.16 with price action currently $1.13 away. Technical analysis trend indicators suggest that State Street's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that State Street's upper Bollinger Band® is at $80.53.
Overall, while State Street has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Fundamental indicators – Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%.
