Advanced Micro Devices’ stock price (AMD) kept falling in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI after reaching overbought levels, while suffering negative pressure from trading below the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of $121.83, provided it settles below the resistance of $141.16.
Trend forecast for today: Bearish
Broadcom’s stock price (AVGO) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals coming out of it, amid the dominance of the main upward trend in the medium term, while leaning on the support of the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of$185.16, provided the support of $156.40 holds on.
Trend forecast for today: Likely bullish
Delta Airlines’ stock price (DAL) edged higher in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI, which could hinder upcoming gains.
Therefore we expect more gains for the stock, targeting the resistance of $67.50 anew, provided the support of $59.20 holds on.
Trend forecast for today: bullish
General Motors Company’s stock price (GM) edged higher in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock some positive momentum after reaching oversold levels compared to the stock’s movements, and hinting at positive divergence, amid the dominance of the main upward trend in the medium term.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $61.24, provided the support of $49.86 holds on.
Trend forecast for today: bullish