| 
March 04, 2023
- Mastercard's recent run now faces a challenge at $363.1
- Upper Bollinger Band® currently at $7.88
A study of Mastercard's chart reveals various key levels to watch: Mastercard's run now faces a challenge at $363.1, which is only $1.6 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Mastercard is hovering above a known Fibonacci resistance level of $360.53.
Trend-focused traders would be interested to note that White Mountains Insurance's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $1,394, a low enough level to, generally, suggest that White Mountains Insurance is trading below its fair value. Support/Resistance levels obtained from chart analysis indicate that a persuasive break of this target could lead to higher losses.
For the time being, White Mountains Insurance remains flat without a clear direction.
With regards to technical trend indicators, chart analysis show that Banco Bilbao Vizcaya Argentaria's CCI indicator is above +100. Momentum evaluation shows that the Relative Strength Index indicates Banco Bilbao Vizcaya Argentaria is in an overbought condition. Asset volatility analysis shows that Banco Bilbao Vizcaya Argentaria's upper Bollinger Band® is at $7.88. Technical chart analysis shows Banco Bilbao Vizcaya Argentaria's recent run now faces a major challenge as concentrated supply is likely found at $7.92 with price action currently 5 cents away.
Notwithstanding Banco Bilbao Vizcaya Argentaria's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Visa Inc.'s recent run now faces a major challenge as concentrated supply is likely found at $225.22 with price action currently $1.45 away. Despite posting gains on yesterday, Visa Inc. slid below its 50 day Simple Moving Average at $220.06 during the last session — an early indicator that a negative trend could be emerging. Despite this, Visa Inc. is alternating around the $223.62 Fibonacci resistance level.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Visa Inc. is set for a reversal in the coming days.
Fundamental indicators – United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2.
