- Strong bullish sentiment set to meet bearish fightback around key resistance at $384.14, currently $4.11 away
- The lower Bollinger Band® is currently at $358.05 while the higher band is at $381.51
A study of Mastercard's historical price actions shows Mastercard's run now faces a challenge at $384.14, which is only $4.11 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Technical analysis trend indicators suggest that Mastercard's CCI indicator is above +100. Analysis based on the asset volatility indicates that Mastercard's upper Bollinger Band® is at $381.51.
Notwithstanding Mastercard's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Around $138.24, JP Morgan Chase can look to establish a new bullish phase beyond its 5 day Simple Moving Average. In contrast, JP Morgan Chase's recent run now faces a major challenge as concentrated supply is likely found at $139.15 with price action currently 91 cents away.
Overall, looking at the technical analysis landscape, it seems JP Morgan Chase might continue pointing upwards in the short term.
Around 89.6752 cents, Credit Suisse can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Despite this, Credit Suisse's recent run now faces a major challenge as concentrated supply is likely found at 90.5933 cents with price action currently 1 cents away.
Overall, looking at the technical analysis landscape, it seems Credit Suisse might continue pointing upwards in the short term.
Deutsche Bank's run now faces a challenge at $11.08, which is only 7 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Bollinger Band® analysis indicates that current price action is approaching the upper band at $11.24, thereby suggesting that Deutsche Bank is becoming overvalued.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Deutsche Bank is set for a reversal in the coming days.
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