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May 27, 2023
- Buoyed by a strong session amid an uptrend, Mastercard is 40 cents away from testing key resistance at $374.77
- Upper Bollinger Band® currently at $18.1
Carrying strong bullish sentiment, Mastercard surpassed $372.72 as its key Fibonacci resistance hurdle with sights already set on the next Fib level at $376.41. Mastercard's lower Bollinger Band® is at $368. On the other hand, note that Mastercard's recent run now faces a major challenge as concentrated supply is likely found at $374.77 with price action currently 40 cents away.
Overall, looking at the technical analysis landscape, it seems Mastercard might continue pointing upwards in the short term.
Chart analysis indicates BlackRock's run now faces a challenge at $673.33, which is only $1.03 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend-following investors would be interested to note that BlackRock's CCI indicator is above +100. BlackRock is hovering above a known Fibonacci resistance level of $668.89. Analysis based on the asset volatility indicates that BlackRock's upper Bollinger Band® is at $678.87.
Notwithstanding BlackRock's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Around $320.78, Berkshire Hathaway can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Berkshire Hathaway's lower Bollinger Band® is now at $317.56. Despite this, Berkshire Hathaway's run now faces a challenge at $322.27, which is only $1.67 away and will be interesting to follow.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Berkshire Hathaway to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Berkshire Hathaway is expected to pick up significant bullish sentiment in the coming days.
Around $17.69, Regions Financial Corp can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Regions Financial Corp is alternating around the $17.67 Fibonacci resistance level. In contrast, Regions Financial Corp's run now faces a challenge at $17.83, which is only 5 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 $18.1, thereby suggesting that Regions Financial Corp is becoming overvalued.
According to technical analysis, it looks as if Regions Financial Corp likely to continue pointing upward in the short term.
Fundamental indicators – following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.
