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March 10, 2023- Key support level at $72.2 currently only 12 cents away
- AIG's upper Bollinger Band® is at $63.65 which indicates a further downward move may follow.
Trend analysis indicates that $177.09 marks the crossover point where American Express price action falls below its 21 day Simple Moving Average. According to asset volatility analysis, American Express's lower Bollinger Band® is at $170.58, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. A study of American Express's chart reveals various key levels to watch: a convincing break of this target could pave the way for deeper losses.
For the time being, American Express remains flat without a clear direction.
$56.64 marks the crossover point where AIG price action falls below its 200 day Simple Moving Average. In contrast, a persuasive break of this target could lead to higher losses. Bollinger Bands® shows an indication of recovery: the lower band is at $56.47, a low enough level to, generally, suggest that AIG is trading below its fair value.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for AIG.
Synchrony Financial made an initial foray below its 200 day Simple Moving Average around $33.52. On the other hand, note that Synchrony Financial's lower Bollinger Band® is now at $33.59. Synchrony Financial is trending down and heading towards $32.67, which is only 56 cents away now. Hitting this support line might signal a change of direction.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Synchrony Financial.
A study of The Hartford's historical price actions shows a convincing break of this target could pave the way for deeper losses. Concerning technical analysis and more specifically, trend indicators, The Hartford's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Momentum evaluation shows that first developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In The Hartford's case, the RSI has fallen below 30, indicating the asset is oversold. Asset volatility analysis shows that The Hartford's lower Bollinger Band® is at $73.19.
For the time being, The Hartford remains flat without a clear direction.
Fundamental indicators – United States Non Farm Payrolls beat the 205,000 projections, with 311,000.
