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March 18, 2023
- The Hartford's CCI indicator is below -100
- Credicorp crossed the lower Bollinger Band® at $125.6.
Trend and momentum analysis indicates that Hartford Financial Services Group Inc's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to momentum evaluation, the Relative Strength Index indicates The Hartford is in strong oversold condition. According to asset volatility analysis, The Hartford's lower Bollinger Band® is at $68.09, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, The Hartford remains flat without a clear direction.
Credicorp'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 $125.6.
In the short term, Credicorp is expected to maintain its recent downtrend and continue spiralling lower.
Trend-following investors would be interested to note that AMG'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 AMG is in strong oversold condition. Analysis based on the asset volatility indicates that the lower Bollinger Band® of AMG is at $139.74.
For the time being, AMG remains flat without a clear direction.
With regards to technical trend indicators, chart analysis show that Lufax's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Yesterday's price action generated a Japanese candlestick pattern showing Lufax has formed a "bullish engulfing” pattern. Asset volatility analysis shows that Lufax's lower Bollinger Band® is at $1.82.
For the time being, Lufax remains flat without a clear direction.
