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Boeing gives in to negative pressure - Analysis - 17-08-2021
Boeing's stock (BA) fell 2.30% in the last session away from the ceiling of a downward correctional price channel that guided recent trading, while also touching the resistance of the 50-day SMA, as the RSI reached overbought levels, forcing the stock downwards.
Therefore we expect more losses for the stock, targeting the first support at 221.00, provided the resistance of 237.00 holds on.
Expected trend for today: Bearish
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Bank of America tries to vent off overbought saturation - Analysis - 17-08-2021
aBank of America's stock (BAC) fell in the intraday levels on profit-taking while gathering positive momentum to help it rise anew, while venting off overbought saturation in the RSI, with negative signals out of them, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
MoreCity Group tries to gather momentum - Analysis - 17-08-2021
City Group's stock (C) fell 1.38% in the last session while gathering momentum and venting off overbought saturation in the RSI amid negative signals out of them, while trading alongside the main upward medium-term trend line, with positive pressure from the 50-day SMA.
MoreCaterpillar leans on SMA support - Analysis - 17-08-2021
Caterpillar's stock (CAT) fell in the intraday levels with negative signals from the RSI after reaching overbought levels, while venting off overbought saturation and gathering momentum to help it maintain the main upward medium-term trend, leaning thereafter on the 50-day SMA.
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