tl;dr
Bank of America customers are experiencing widespread online and mobile banking issues, with tens of thousands reporting disruptions. Some users have stated that their balances dropped to zero. Similar but smaller spikes in banking issues have been reported at JPMorgan Chase and Wells Fargo. Bank of...
Bank of America, JPMorgan Chase, and Wells Fargo experienced widespread online and mobile banking disruptions, leaving tens of thousands of customers unable to access accounts and causing balances to drop to zero.
Bank of America customers reported widespread online and mobile banking issues with tens of thousands experiencing disruptions, some seeing their balances drop to zero. Similar but smaller spikes in banking issues were reported at JPMorgan Chase and Wells Fargo.
Bank of America acknowledged the problem and stated it is being addressed, without providing an explanation for the outage. Tens of thousands of Bank of America customers reported severe service disruptions, with users reporting balance drops to zero. Smaller, noticeable spikes in people reporting banking issues were also witnessed at JPMorgan Chase and Wells Fargo, all starting around 12:00pm EST.
Both JPMorgan Chase and Wells Fargo had over 100 customers reporting issues logging onto and using the lenders’ banking apps and websites. Bank of America issued a statement confirming the disruptions, stating that the issues are being addressed and largely resolved, apologizing for any inconvenience.
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After a thorough analysis of the market charts and technical indicators, it is evident that the stock is currently testing a crucial support level. The Relative Strength Index (RSI) suggests that the stock is approaching oversold territory, indicating a possible reversal in the near future.
Additionally, the moving average convergence divergence (MACD) indicator has shown a bearish crossover, signaling a potential downward trend. This is further supported by the breach of the lower Bollinger Band, indicating increased selling pressure.
Considering these factors, it is essential to closely monitor the stock's price action around the current support level. A breakdown below this level could lead to further downside movement, potentially testing the next major support.
However, if the stock manages to find support and shows signs of a reversal, it may indicate a buying opportunity, especially if accompanied by a bullish divergence in the RSI. Traders should exercise caution and wait for confirmation before considering any long positions.
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc,Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Industry: REAL ESTATE & CONSTRUCTION
Sector: PATENT OWNERS & LESSORS
Phone: 4437738000
Current Stock Price: $16.74
Dividend Yield: None
EPS: 0.9
P/E Ratio: 2.39
Beta: 0.511
Market Cap: $564,954,000
Revenue: $21.44
Profit Margin: 0.764
Operating Margin: 0.775
More about CleanSpark Inc
CleanSpark, Inc. provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah.
Sector: Real Estate & Construction
Market Cap: 2179501000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.99
EPS (TTM): 1.788
Profit Margin: -0.463
Revenue: 342213000
Forward Dividend & Yield: 24.67, 0
Ex-Dividend Date: 1.287
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Technical Analysis Report: Unveiling Market Trends
In the current market landscape, the S&P 500 index has exhibited a strong bullish trend, with the 50-day moving average consistently staying above the 200-day moving average. This indicates a robust bullish momentum in the market.
Additionally, the Relative Strength Index (RSI) has surged above 70, pointing to a potential overbought situation. This suggests a need for caution, as overbought conditions can sometimes precede a market correction.
Examining specific stocks, Company X has shown a classic "head and shoulders" pattern, signaling a potential trend reversal. Investors should closely monitor the support level to confirm the pattern's validity.
On the other hand, Company Y has experienced a breakout above its resistance level, indicating a bullish trend. This breakout could signify a favorable entry point for traders seeking upward potential.
It's essential to note that while these indicators provide valuable insights, they are not foolproof predictors of future market movements. Investors should remain vigilant and consider other fundamental and macroeconomic factors when making investment decisions.
More about Riot Blockchain Inc
Riot Blockchain Inc
Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.
Industry
LIFE SCIENCES, IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Market Cap
2.14895 Billion
Current Price
12.64
Dividend Yield
None
Price to Earnings Ratio
0.56
Earnings Per Share (EPS)
1.281
Beta
0.31
Volume
280,017,000
52-Week High
16.92
52-Week Low
6.36
Price Change (1 Year)
-0.088