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March 02, 2023- Key support level at $38.22 currently only 13 cents away
- Citizens Financial Group's upper Bollinger Band® at $44.85, suggesting a further decline is forthcoming.
HSBC Holdings's upper Bollinger Band® is at $39.09, suggesting that a downward move may follow. On the other hand, note that a persuasive break of this target could lead to higher losses.
Despite the market lacking direction, technical chart analysis strongly suggests HSBC is positioned for a downward move in the near term.
Visual analysis of Citigroup's chart shows that Citigroup's recent run now faces a major challenge as concentrated supply is likely found at $51.93 with price action currently 43 cents away. Technical analysis trend indicators suggest that around $51.02, Citigroup can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Analysis based on the asset volatility indicates that Citigroup's upper Bollinger Band® is at $52.25.
For the time being, Citigroup remains flat without a clear direction.
Visual analysis of Citigroup's chart shows that Citigroup's recent run now faces a major challenge as concentrated supply is likely found at $51.93 with price action currently 43 cents away. Technical analysis trend indicators suggest that around $51.02, Citigroup can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Analysis based on the asset volatility indicates that Citigroup's upper Bollinger Band® is at $52.25.
For the time being, Citigroup remains flat without a clear direction.
Visual analysis of Citigroup's chart shows that Citigroup's recent run now faces a major challenge as concentrated supply is likely found at $51.93 with price action currently 43 cents away. Technical analysis trend indicators suggest that around $51.02, Citigroup can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Analysis based on the asset volatility indicates that Citigroup's upper Bollinger Band® is at $52.25.
For the time being, Citigroup remains flat without a clear direction.
Fundamental indicators – data from United States concerning Crude Oil Inventories was released yesterday at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 7.65 million to 1.17 million this month.
Upcoming fundamentals: United States ISM Non-Manufacturing PMI (Feb) scheduled to come out tomorrow at 15:00 UTC.
