Buyers pushing Sallie Mae towards its price target of $14.46; currently at $14.3

Buyers pushing Sallie Mae towards its price target of $14.46; currently at $14.3
  • Strong bullish sentiment set to meet bearish fightback around key resistance at $14.46, currently 16 cents away
  • Upper Bollinger Band® currently at $12.08

GoHealth, Inc.'s run now faces a challenge at $10, which is only 24 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Despite posting gains on Friday, GoHealth slid below its 10 day Simple Moving Average at $9.42 during the last session — an early indicator that a negative trend could be emerging. In contrast, price action overcame a known Fibonacci resistance level at $9.82 by around 7.92 cents with prices hammering out a $9.2 – $9.83 session range.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates GoHealth is set for a reversal in the coming days.

Support/Resistance levels obtained from chart analysis indicate that Western Union's recent run now faces a major challenge as concentrated supply is likely found at $12.29 with price action currently 14 cents away. With regards to technical trend indicators, chart analysis show that Western Union's CCI indicator is above +100. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $12.08, thereby suggesting that Western Union is becoming overvalued.

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

S&P Global chart analysis: S&P Global's run now faces a challenge at $357.15, which is only $2.96 away and will be interesting to follow. Trend and momentum analysis indicates that around $351.9, S&P Global can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Analysis based on the asset volatility indicates that S&P Global's upper Bollinger Band® is now at $362.46.

For the time being, S&P Global remains flat without a clear direction.

Around $14.4, Sallie Mae can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, SLM's run now faces a challenge at $14.46, which is only 16 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, looking at the technical analysis landscape, it seems Sallie Mae might continue pointing upwards in the short term.

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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