Buyers pushing MGIC Investment towards its price target of $14.87; currently at $14.87

• Buoyed by a strong session amid an uptrend, MGIC Investment is 26 cents away from testing key resistance at $14.87
• The lower Bollinger Band® is currently at $13 while the higher band is at $14.95

Chart analysis indicates MGIC Investment Corporation's recent run now faces a major challenge as concentrated supply is likely found at $14.87 with price action currently 26 cents away. Trend and momentum analysis indicates that MGIC Investment's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Momentum evaluation shows that first developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In MGIC Investment's case, the RSI has fallen below 30, indicating the asset is oversold. Analysis based on the asset volatility indicates that MGIC Investment's upper Bollinger Band® is at $14.95.

Notwithstanding MGIC Investment's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

$19.36 marks the crossover point where First Hawaiian, Inc. price action falls below its 5 day Simple Moving Average. Despite this, First Hawaiian, Inc.'s lower Bollinger Band® is at $18.94, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Bearish run for First Hawaiian, Inc. is facing a possible turning point at $19.04, which is only 7 cents away. If this support line fails to hold, the next target will be at $18.71.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for First Hawaiian, Inc..

Trend analysis indicates that around $30.5, Synovus Financial Corp. can look to establish a new bullish phase beyond its 10 day Simple Moving Average. According to asset volatility analysis, Synovus Financial Corp.'s upper Bollinger Band® is now at $31.72. Support/Resistance levels obtained from chart analysis indicate that Synovus Financial Corp.'s run now faces a challenge at $30.92, which is only 12 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, while Synovus Financial Corp. has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Around $76.22, Voya can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, it will be interesting to follow how Voya Financial's run now faces a challenge at $76.45, which is only 3 cents away.

Overall, looking at the technical analysis landscape, it seems Voya Financial might continue pointing upwards in the short term.

Fundamental indicators – United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3.