- JP Morgan Chase's recent run now faces a challenge at $140.22
- Upper Bollinger Band® currently at $65.49
Trend and momentum analysis indicates that around $139.05, JP Morgan Chase can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Analysis based on the asset volatility indicates that JP Morgan Chase's upper Bollinger Band® is at $140.91. Chart analysis suggests JP Morgan Chase's recent run now faces a major challenge as concentrated supply is likely found at $140.22 with price action currently 88 cents away.
Notwithstanding JP Morgan Chase's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Support/Resistance levels obtained from chart analysis indicate that Banco Bilbao Vizcaya Argentaria's run now faces a challenge at $7.07, which is only 5 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend-following investors would be interested to note that around $6.93, Banco Bilbao Vizcaya Argentaria can look to establish a new bullish phase beyond its 21 day Simple Moving Average. According to asset volatility analysis, Banco Bilbao Vizcaya Argentaria's upper Bollinger Band® is at $7.21.
For the time being, Banco Bilbao Vizcaya Argentaria remains flat without a clear direction.
Trend analysis indicates that PayPal'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 $65.49, thereby suggesting that PayPal is becoming overvalued. PayPal chart analysis: PayPal's run now faces a challenge at $65.39, which is only 37 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 PayPal has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Around $228.62, Visa Inc. can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Visa Inc. is alternating around the $227.93 Fibonacci resistance level. Despite this, Visa Inc.'s recent run now faces a major challenge as concentrated supply is likely found at $229.59 with price action currently $1.37 away.
Overall, looking at the technical analysis landscape, it seems Visa Inc. might continue pointing upwards in the short term.
Fundamental indicators – United States Trade Balance (Apr) released today at 12:30 UTC with a figure of -74.6 billion, while the previous figure was -60.6 billion.
Upcoming fundamentals: today at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1 million from the preceding figure of 4.49 million.