AbbVie (ABBV) declined in its latest intraday trading, as negative signals appeared on the RSI after reaching overbought levels. Despite this pullback, the stock remains above the key resistance level of 216.65, confirming its breakout and leaving room for further gains. Continued support from trading above the 50-day SMA and the prevailing short-term uptrend reinforce the bullish outlook.

Therefore, we expect the stock to rise in upcoming sessions, as long as it holds above 216.65, targeting the next resistance at 233.40.

Today’s price forecast: Bullish.

T-Mobile US (TMUS) declined in its latest intraday trading, after previously unwinding oversold conditions on the RSI. Persistent downside pressure remains as the stock trades below its 50-day SMA, while breaking a short-term rising trend line, which reinforces the bearish outlook.

Therefore, we expect the stock to decline in upcoming sessions, as long as resistance at 251.75 holds, targeting the support level at 231.50.

Today’s price forecast: Bearish.

Bank of America Corp (BAC) rose slightly in recent intraday trading, testing the current resistance level of 52.20. The stock remains under the control of a main bullish trend, with price action moving along a short-term rising trend line and supported by trading above the 50-day SMA. However, RSI indicators are showing bearish signals after entering heavily overbought territory, which has limited the stock’s latest gains.

Therefore, we expect the stock to rise in upcoming sessions, especially if it breaks above the 52.20 resistance, targeting the next resistance level at 57.40.

Today’s price forecast: Bullish.

3M Company (MMM) declined in recent intraday trading, breaking below a short-term rising trend line. This drop was accompanied by a move under the 50-day SMA, intensifying the negative pressure on the stock. Additional weakness is evident from bearish signals on the RSI, signaling the beginning of a corrective bearish wave in the near term.

Therefore, we expect the stock to extend its decline in upcoming sessions, as long as resistance holds at 159.00, targeting the first support level at 150.40.

Today’s price forecast: Bearish.