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3M returns tentatively higher - Analysis - 21-05-2020

Economies.com
2020-05-21 10:18AM UTC

3M's stock returned higher while tackling the pivotal resistance of 150.85, marking a 0.88% profit in the last session, with support from the 50-day SMA while trading alongside the upward short-term trend line, as the RSI reached overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 162.89, provided the first resistance of 149.68 was breached. 

 

Expected trend for today: Bullish  

McDonald's readies to tackle current resistance - 21-05-2020

Economies.com
2020-05-21 10:18AM UTC

McDonald's stock rose 2.52% in the last session amid the dominance of the upward short-term trend line, with support from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, provided the resistance of 187.43 was breached, targeting the next one at 207.00. 

 

Expected trend for today: Bullish  

Coca-Cola shakes off negative pressure - Analysis - 21-05-2020

Economies.com
2020-05-21 10:18AM UTC

Coca-Cola's stock rose 3.03% in the last session, shaking off negative pressure from the 50-day SMA with positive signals from the RSI, amid the dominance of the upward correctional wave in the short term. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 47.78, as long as the support of 43.12 holds on. 

 

Expected trend for today: Bullish  

JPMorgan ends cautiously higher - Analysis - 21-05-2020

Economies.com
2020-05-21 10:17AM UTC

JPMorgan & Chase's stock rose 3% in the last session amid the dominance of the upward correctional short-term wave, touching the resistance of the 50-day SMA amid positive signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the next support at 88.06. 

 

Expected trend for today: Bearish