- Strong bullish sentiment set to meet bearish fightback around key resistance at $376.9, currently $1.9 away
- Upper Bollinger Band® currently at $378.63
Around $372, Mastercard can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, Bollinger Band® analysis indicates that current price action is approaching the upper band at $378.63, thereby suggesting that Mastercard is becoming overvalued. Mastercard's run now faces a challenge at $376.9, which is only $1.9 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
According to technical analysis, it looks as if Mastercard likely to continue pointing upward in the short term.
Around $233.27, Visa Inc. can look to establish a new bullish phase beyond its 5 day Simple Moving Average. On the other hand, note that Visa Inc.'s recent run now faces a major challenge as concentrated supply is likely found at $235.68 with price action currently $1.08 away. Visa Inc.'s upper Bollinger Band® is now at $237.56.
Overall, looking at the technical analysis landscape, it seems Visa Inc. likely to continue pointing upward in the short term.
Around $13.08, Lemonade can look to establish a new bullish phase beyond its 3 day Simple Moving Average. The lower Bollinger Band® of Lemonade is at $12.22. A convincing break of this target could pave the way for deeper losses. On the other hand, note that Lemonade is currently flirting with an active Fibonacci support level around $12.73.
Overall, looking at the technical analysis landscape, it seems Lemonade —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Around $336.83, Goldman Sachs can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Price action overcame a known Fibonacci resistance level at $336.3 by around $2.41 with prices hammering out a $334.69 – $339.31 session range. In contrast, Goldman Sachs's upper Bollinger Band® is at $343.12. Goldman Sachs's run now faces a challenge at $340.57, which is only $1.86 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
According to technical analysis, it looks as if Goldman Sachs likely to continue pointing upward in the short term.
Fundamental indicators – United States Existing Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million.