2U shakes off negative pressures - Analysis - 30-06-2022
2U's stock (TWOU) rose in the intraday levels after a report the educational tech company has received a purchase offer from Indian Byjuv for over a billion dollars, marking a profit of 17.42%, or 1.62 points, and settling at 10.92, with trading volumes surpassing 7.8 million shares, above 10-day averages of 2.4 million shares.
The stock managed to shake off negative pressures, and surpassed the resistance of the 50-day SMA, while piercing the short-term downward trend line, countered by negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 14.12, provided it settles above the support of 9.13.
Expected trend for today: Bullish
Nio driven lower by pivotal resistance - Analysis - 30-06-2022
Nio's stock declined in the intraday levels after the pivotal resistance of 23.94, while trading alongside the main downward short-term trend line, with negative signals from the RSI after reaching overbought levels, with positive support from the 50-day SMA, marking a final loss of 2.24%, or 50 cents, and settling at 21.86, with trading volumes surpassing 71.5 million shares, below 10-day averages of 80.6 million shares.
The decline came after a report accused the company of overreporting its financial results, which Nio denied.
Therefore we expect more losses for the stock, targeting the support of 17.77, provided the pivotal resistance of 23.94 holds on.
Expected trend for today: Bearish
Pinterest emits bearish signals despite gains - Analysis - 30-06-2022
Pinterest's stock (PINS) rose 1.32% in the last session, or 26 cents, settling at 19.96, with trading volumes surpassing 25 million shares, above 10-day averages of 17.4 million shares, after the company said its co-founder Bin Silberman is resigning from its executive position.
The company's suffering negative pressure from trading below the 50-day SMA, amid the dominance of the main downward trend in the medium and short term, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 16.14, provided the resistance of 21.92 holds on.
Expected trend for today: Bearish
Bed Bath & Beyond exposed to a free fall - Analysis - 30-06-2022
Bed Bath & Beyond's stock (BBBY) skidded in the intraday levels after reporting disappointing first quarter data, with CEO Mark Treiton eliminated from his position, with the stock tumbling 23.58%, or 1.54 points, settling thereafter near record lows at 4.99, with trading volumes surpassing 35 million shares, above 10-day averages of 10 million shares.
The main downward trend dominates in the medium and short terms, while suffering negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 3.52, provided the resistance of 7.48 holds on.
Expected trend for today: Bearish