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March 05, 2023- Strong bullish sentiment set to meet bearish fightback around key resistance at $57.52, currently 56 cents away
- The lower Bollinger Band® is currently at $231.65 while the higher band is at $247
Around $56.06, KKR & Co. Inc. can look to establish a new bullish phase beyond its 10 day Simple Moving Average. On the other hand, note that KKR & Co.'s run now faces a challenge at $57.52, which is only 56 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, looking at the technical analysis landscape, it seems KKR & Co. might continue pointing upwards in the short term.
Around $67.45, WR Berkley can look to establish a new bullish phase beyond its 21 day Simple Moving Average. In contrast, WR Berkley's recent run now faces a major challenge as concentrated supply is likely found at $68 with price action currently 45 cents away.
Overall, looking at the technical analysis landscape, it seems WR Berkley might continue pointing upwards in the short term.
Around $234.6, Erie Indemnity can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Erie Indemnity's lower Bollinger Band® is at $231.65. In contrast, Erie Indemnity's run now faces a challenge at $237.28, which is only $1.61 away and will be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Erie Indemnity likely to continue pointing upward in the short term.
American Express chart analysis: American Express's recent run now faces a major challenge as concentrated supply is likely found at $180.58 with price action currently $1.49 away. Concerning technical analysis and more specifically, trend indicators, around $176.8, American Express can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Analysis based on the asset volatility indicates that American Express's upper Bollinger Band® is at $182.36.
Overall, while American Express has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
