Adobe Inc. (ADBE) stock declined in its latest intraday trading, under continued negative pressure from trading below its previous 50-day SMA, which acts as dynamic resistance preventing recovery in the short term. The stock is also moving along a minor downward trend line on the short term, while negative signals continue to appear in the Stochastic indicators after previously reaching strongly overbought levels.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 373.75 holds, to then target the key support level of 330.00.

Today’s price forecast: Bearish.

Blackstone Inc. (BX) stock declined in its latest intraday trading, reaching support at its previous 50-day SMA, which provided positive momentum that helped it rebound and trim much of its early losses. The short-term minor bullish wave remains in control, with trading moving along an upward slope line that supports this path.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 162.70 holds, to then target the resistance level of 181.15.

Today’s price forecast: Bullish.

Palo Alto Networks, Inc. (PANW) stock closed unchanged in its latest session, while attempting to overcome the negative pressure from its previous 50-day SMA. The stock is supported by trading along a minor upward trend line on the short term, with positive signals appearing in the Stochastic indicators, despite remaining in strongly overbought areas. This reinforces the chances of a near-term rise.

Therefore, we expect the stock to advance in its upcoming trading, provided the support level of 180.70 holds, to then target the key and strong resistance level of 206.18.

Today’s price forecast: Bullish.

Baker Hughes Company (BKR) stock declined slightly in its latest intraday trading, as it undergoes profit-taking from previous gains while attempting to gather positive momentum that could support a renewed rise. The short-term minor bullish wave remains in control, with trading moving along an upward slope line that supports this path, while positive pressure continues from trading above its previous 50-day SMA. In addition, positive signals are flowing from the Stochastic indicators, despite reaching strongly overbought levels.

Therefore, we expect the stock to rise in its upcoming trading, targeting the important nearby resistance level of 46.70 in preparation to test it.

Today’s price forecast: Bullish.