- Bullish session prepares challenge of $92.16 level, currently 90 cents above current price of $91.26
- Upper Bollinger Band® currently at $53.55
Around $91.37, Raymond James Financial Inc can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, Raymond James's run now faces a challenge at $92.16, which is only 90 cents away and will be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Raymond James might continue pointing upwards in the short term.
Chart analysis suggests it will be interesting to follow how BlackRock's run now faces a challenge at $662.84, which is only $3 away. Trend and momentum analysis indicates that around $656.48, BlackRock can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Yesterday's price action generated a Japanese candlestick pattern showing a "Bullish Engulfing" pattern which occurs when a larger green candle engulfs a smaller red candle, at the bottom of a prevailing downtrend. Typically this is a signal of higher prices in the near term. Analysis based on the asset volatility indicates that BlackRock's upper Bollinger Band® is now at $672.52.
For the time being, BlackRock remains flat without a clear direction.
Trend-following investors would be interested to note that Assured Guaranty's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $53.55, thereby suggesting that Assured Guaranty is becoming overvalued. Technical analysis shows that Assured Guaranty's run now faces a challenge at $53.15, which is only 31 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Notwithstanding Assured Guaranty's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
White Mountains Insurance's upper Bollinger Band® is at $1,400.
Overall, looking at the technical analysis landscape, it seems White Mountains Insurance is likely to reverse course and start pointing down in the short term.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.