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March 23, 2023
- MACD index suggests Credicorp's medium-term trend indication has turned negative
- A crossing of the lower Bollinger Band® at $125.66 suggests further losses may follow for Credicorp.
Credicorp Ltd.'s bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. The lower Bollinger Band® was crossed by Credicorp at $125.66.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Credicorp to extend its recent losses.
Trend analysis indicates that Brown & Brown's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Analysis based on the asset volatility indicates that Brown & Brown's lower Bollinger Band® is at $54.42, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, Brown & Brown remains flat without a clear direction.
Concerning technical analysis and more specifically, trend indicators, Janus Henderson's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that Janus Henderson's lower Bollinger Band® is now at $25.2.
For the time being, Janus Henderson remains flat without a clear direction.
Trend and momentum analysis indicates that The Hartford's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Momentum evaluation shows that the Relative Strength Index shows The Hartford is in strong oversold condition. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $68.53, a low enough level to, generally, suggest that The Hartford is trading below its fair value.
For the time being, The Hartford remains flat without a clear direction.
