Airbnb extends losses - Analysis - 01-07-2022
Airbnb's stock (ABNB) declined 5.16% in the last session, or 4.95 points, settling at 89.08, with trading volumes surpassing 9 million shares, below 10-day averages of 10.8 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, piercing the current support of 92.09, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 80.40, provided it settles below 92.09.
Expected trend for today: Bearish
RH sharpens decline - Analysis - 01-07-2022
RH's stock declined 10.56% in the last session, or 25.06 points, piercing the support of 236.30, and settling at 212.26, with trading volumes surpassing 3.3 million shares, above 10-day averages of million shares, as the company expects yearly earnings to fall by 5%.
The main downward trend dominates in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 188.40, provided it settles below 236.30.
Expected trend for today: Bearish
Walgreens Boots Alliance exposed to a free fall - Analysis - 01-07-2022
Walgreens Boots Alliance's stock (WBA) skidded after the company expected lower quarterly profits in the fourth quarter compared to last year, with the stock tumbling 7.27% in the last session, or 2.97 points, and settling at 37.90, with trading volumes surpassing 15.6 million shares, above 10-day averages of 8.2 million shares.
The stock pierced the current support of 39.72, amid the dominance of the downward short-term trend, coupled with negative pressure from the 50-day SMA, and negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the first support at 36.65, provided it settles below 39.72.
Expected trend for today: Bearish
Twitter suffers negative pressures - Analysis - 01-07-2022
Twitter's stock (TWTR) declined in the intraday levels amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels, while suffering pressure from trading below the 50-day SMA, marking a loss of 1.08%, or 41 cents, and settling at 37.39, with trading volumes surpassing 7.1 million shares, below 10-day averages of 12.5 million shares.
Therefore we expect more losses for the stock, targeting the first support at 35.40, provided the resistance of 40.95 holds on.
Expected trend for today: Bearish