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Adobe tries to gather momentum - Analysis - 24-11-2021

Economies.com
2021-11-24 11:07AM UTC

Adobe System's stock (ADBE) fell 1.25% in the last session amid negative signals from the RSI after reaching overbought levels, while gathering positive momentum and venting off overbought saturation, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the first resistance at 706.20, provided it settles solidly above 670.50.

 

Expected trend for today: Bullish

Oracle leans on main upward trend line - Analysis - 24-11-2021

Economies.com
2021-11-24 11:07AM UTC

Oracle's stock (ORCL) fell 1.77% in the last session amid negative signals from the RSI, settling thereafter at 92.94, while leaning on the main upward trend line in the medium term, while also leaning on the support of the 50-day SMA, as it gathers momentum to help it rise anew.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 99.00, provided the support of 91.10 holds on.

 

Expected trend for today: Bullish

Nike driven lower by stubborn resistance - Analysis - 24-11-2021

Economies.com
2021-11-24 11:07AM UTC

Nike's stock (NKE) fell 1.20% in the last session, after the pivotal resistance of 174.25 held on, settling at  172.15, while gathering momentum to pierce that resistance in the future, amid the dominance of the main upward trend in the medium and short terms, coupled with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 182.30, provided the first resistance of 174.25 was breached.

 

Expected trend for today: Bullish

Morgan Stanley shakes off negative pressure - Analysis - 24-11-2021

Economies.com
2021-11-24 11:06AM UTC

Morgan Stanley's stock (MS) tumbled 2.56% in the last session amid positive signals from the RSI, settling thereafter at 101.86, shaking thereafter the negative pressure from the 50-day SMA, amid the dominance of the main upward medium-term trend. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 105.80, provided the support of 96.60 holds on.

 

Expected trend for today: Bullish