Accenture plc (ACN) stock advanced in its latest intraday trading, supported by a breakout above a main descending trendline in the short term, alongside positive momentum from trading above its 50-day simple moving average. This strengthens the likelihood of extending its gains in the coming sessions, especially amid positive signals from the relative strength indicators, despite approaching overbought levels.
Therefore, we expect the stock to rise in upcoming trading sessions as long as it remains above the 236.70$ support level, targeting the resistance level at 275.00$.
Today’s stock forecast: Bullish.
Linde plc (LIN) stock declined in its latest intraday trading, remaining below the 447.52$ resistance level — which represents the 50% Fibonacci retracement of the last short-term upward wave (from 408.65$ to 486.38$). The stock continues to move under the influence of a short-term corrective downtrend, with negative signals appearing on the relative strength indicators after the stock had previously absorbed its oversold condition, further amplifying the surrounding bearish pressure.
Therefore, we expect the stock to decline in upcoming trading sessions as long as it remains below the 447.52$ level, targeting the first support area at 438.35$, which represents the 61.8% Fibonacci retracement of the same correction levels.
Today’s stock forecast: Bearish.
Dollar Tree, Inc. (DLTR) stock inched higher in its latest intraday trading, ending a volatile session as early negative signals emerged on the relative strength indicators after reaching overbought levels. However, the stock continues to receive positive support from trading above its 50-day simple moving average, while remaining under the influence of the main short-term uptrend and moving along a rising trendline that reinforces this trajectory.
Therefore, we expect the stock to rise in upcoming trading sessions as long as it holds above the 94.20$ support level, targeting the first resistance area at 108.05$.
Today’s stock forecast: Bullish.
The Coca-Cola Company (KO) stock rose in its latest intraday trading, supported by a breakout above a corrective ascending trendline in the short term and continued trading above its 50-day simple moving average. Additionally, a positive crossover has begun to appear on the relative strength indicators after the stock successfully relieved its previous overbought pressure, giving it more room for further short-term gains.
Therefore, we expect the stock to rise in upcoming trading sessions as long as it remains above the 68.65$ support level, targeting the key resistance level at 74.35$.
Today’s stock forecast: Bullish.