| 
April 20, 2023- Strong bullish sentiment set to meet bearish fightback around key resistance at $88.39, currently 54 cents away
- The lower Bollinger Band® is currently at $91.76 while the higher band is at $106.1
Trend-focused traders would be interested to note that Prudential Financial Inc's CCI indicator is above +100. Analysis based on the asset volatility indicates that Prudential Financial's upper Bollinger Band® is now at $89.46. Support/Resistance levels obtained from chart analysis indicate that Prudential Financial's run now faces a challenge at $88.39, which is only 54 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 Prudential Financial has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Around $104.71, Discover can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Discover Financial Services is alternating around the $106.14 Fibonacci resistance level. On the other hand, note that Discover Financial Services's recent run now faces a major challenge as concentrated supply is likely found at $107.05 with price action currently $1.29 away. Bollinger Band® analysis indicates that current price action is approaching the upper band at $106.1, thereby suggesting that Discover Financial Services is becoming overvalued.
Overall, looking at the technical analysis landscape, it seems Discover likely to continue pointing upward in the short term.
Around $65.62, Apollo Global Management can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Apollo Global Management is hovering above a known Fibonacci resistance level of $65.79. In contrast, Apollo Global Management's run now faces a challenge at $66.36, which is only 56 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Apollo Global Management's upper Bollinger Band® is at $67.33.
According to technical analysis, it looks as if Apollo Global Management likely to continue pointing upward in the short term.
Sallie Mae chart analysis: SLM's run now faces a challenge at $14.93, which is only 21 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 analysis indicates that Sallie Mae's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Sallie Mae is in an overbought condition. Asset volatility analysis shows that SLM's upper Bollinger Band® is now at $15.24.
Notwithstanding Sallie Mae's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Fundamental indicators – United States Crude Oil Inventories fell short of the -1 million projections, with new data of -4.58 million.
Upcoming fundamentals: United States Philadelphia Fed Manufacturing Index (Apr) will be released today at 12:30 UTC.
