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March 09, 2023
- Solid trading session sets up assault on pivotal resistance at $66.9; currently 39 cents away
- Prudential Financial's upper Bollinger Band® is at $105.55.
Technical chart analysis shows it will be interesting to follow how Stifel Financial Corp.'s run now faces a challenge at $66.9, which is only 39 cents away. Trend analysis indicates that around $66.53, Stifel can look to establish a new bullish phase beyond its 3 day Simple Moving Average. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $67.63, thereby suggesting that Stifel is becoming overvalued.
For the time being, Stifel remains flat without a clear direction.
A convincing break of this target could pave the way for deeper losses. Around $293.32, Moody's can look to establish a new bullish phase beyond its 10 day Simple Moving Average.
Despite muted price action in Moody's, chart analysis indicates it is positioned for a bullish run in the short term.
Visual analysis of Jefferies Financial Group Inc.'s chart shows that a persuasive break of this target could lead to higher losses. With regards to technical trend indicators, chart analysis show that Jefferies Financial Group Inc.'s CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that the lower Bollinger Band® of Jefferies Financial Group Inc. is at $35.62.
For the time being, Jefferies Financial Group Inc. remains flat without a clear direction.
Technical analysis of Prudential Financial's past price action reveals multiple support and resistance levels: Prudential Financial is trending down and heading towards $93.64, which is only $1.09 away now. Hitting this support line might signal a change of direction. Trend-focused traders would be interested to note that Prudential Financial's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, Prudential Financial's lower Bollinger Band® is at $94.08.
For the time being, Prudential Financial remains flat without a clear direction.
Fundamental indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.
Upcoming fundamentals: as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 205,000, following on from the preceding figure of 517,000. New data is set to be published tomorrow at 13:30 UTC.
