The EURUSD needs confirmation signal – Analysis - 24-06-2022
The EURUSD pair still stuck between the trend confirmation levels represented by 1.0480 support and 1.0550 resistance, which makes us continue with our neutrality until the price manages to surpass one of these levels and detect its next destination clearly.
We remind you that breaking the mentioned support will push the price to decline and achieve negative targets that start at 1.0355, while breaching the resistance represents the key to resume the intraday recovery trip that its next main target located at 1.0670.
The expected trading range for today is between 1.0440 support and 1.0610 resistance.
The expected trend for today: Neutral
Redbox seeks a bottom to bolster it - Analysis - 23-06-2022
Redbox Entertainment's stock (RDBX) fell in the intraday levels even after reporting retail sales up 12.8% y/y in the week ending June 18, due to Father Day sales, and the fourth of July sales, marking a loss of 12.93% in the last session, or 1.5 points, settling at 101.0, with trading volumes surpassing 8.6 million shares, below 10-day averages of 31.2 million shares.
The stock is moving alongside the upward correctional short-term trend line, seeking a bottom to bolster it higher, amid positive pressure from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect the stock to return higher, targeting the first resistance at 13.35, provided the support of 8.56 holds on.
Expected trend for today: Bullish
Snap trades in tight range - Analysis - 23-06-2022
Snap's stock climbed 1.79% in the last session, or 23 cents, settling at 13.08, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, as the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the support of 10.50, provided the resistance of 20.95 holds on.
Expected trend for today: Bearish
Johnson & Johnson tries to shake off negative pressures - Analysis - 23-06-2022
Johnson & Johnson's stock (JNJ) rose in the last session while trading alongside the main upward medium-term trend line, with positive signals from the RSI, marking a profit of 1.58%, or 2.73 points, and settling at 175.74, shaking off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 186.69, provided it holds above 173.00.
Expected trend for today: Bullish