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May 19, 2023
- Synchrony Financial now at $30
- Bollinger analysis indicates upper Band® is at $30.47
Technical analysis of Janus Henderson's past price action reveals multiple support and resistance levels: Janus Henderson Group plc's run now faces a challenge at $26.61, which is only 25 cents away and will be interesting to follow. Concerning technical analysis and more specifically, trend indicators, Janus Henderson's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Janus Henderson's upper Bollinger Band® is at $27.2, suggesting that a downward move may follow.
For the time being, Janus Henderson remains flat without a clear direction.
Bollinger Band® analysis indicates that current price action is approaching the upper band at $37.77, thereby suggesting that KB Financial is becoming overvalued. KB Financial's recent run now faces a major challenge as concentrated supply is likely found at $37.67 with price action currently 38 cents away.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest KB Financial is set for a reversal in the coming days.
Analysis of Synchrony Financial's recent price action suggests Synchrony Financial's run now faces a challenge at $29.67, which is only 35 cents away and will be interesting to follow. Trend and momentum analysis indicates that Synchrony Financial's CCI indicator is above +100. Synchrony Financial is hovering around the $29.84 Fibonacci support level. Asset volatility analysis shows that Synchrony Financial's upper Bollinger Band® at $30.47, suggesting a further decline is forthcoming.
For the time being, Synchrony Financial remains flat without a clear direction.
$10.65 marks the crossover point where Deutsche Bank price action falls below its 21 day Simple Moving Average. Deutsche Bank's upper Bollinger Band® is at $10.96. In contrast, Deutsche Bank is eyeing the $10.53 support line.
Despite the market lacking direction, technical chart analysis strongly suggests Deutsche Bank is positioned for a downward move in the near term.
Fundamental indicators – United States Existing Home Sales (Apr) released yesterday at 14:00 UTC with a figure of 4.28 million, while the previous figure was 4.43 million.
