Alibaba Group Holding (BABA) moved lower in recent intraday trading after encountering resistance at its 50-day Simple Moving Average (SMA), which triggered renewed selling pressure and forced the stock lower. The primary short-term downtrend remains firmly in control, with price action continuing to follow a descending trendline that reinforces the prevailing bearish trend. In addition, momentum indicators are beginning to form a bearish divergence after reaching extremely overbought levels relative to the stock's price action, while fresh bearish signals are also starting to emerge.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $121.00 remains intact. Under this scenario, the stock is expected to target its first support level at $105.65.

Today's price forecast: Bearish.

Western Digital Corporation (WDC) moved higher in recent intraday trading after successfully holding above the key support level at $434.00, allowing the stock to regain some positive momentum and recover part of its recent losses. The rebound has also helped ease the stock's clearly oversold conditions on momentum indicators. However, a steep short-term bearish corrective trend remains firmly in control, while continued trading below the 50-day Simple Moving Average (SMA), which is acting as dynamic resistance, continues to limit the prospects for a sustained recovery in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, particularly if it breaks below the key support level at $434.00. Under this scenario, the stock is expected to target its next support level at $348.00.

Today's price forecast: Bearish.

Snap Inc. (SNAP) moved lower in recent intraday trading as the stock remained under pressure from continued trading below its 50-day Simple Moving Average (SMA), reinforcing the dominance of the primary short-term downtrend. Price action continues to track a descending trendline that supports the current bearish trend. Meanwhile, momentum indicators are beginning to show a bearish divergence after reaching extremely overbought levels relative to the stock's price action, with a bearish crossover also starting to emerge, adding to the negative outlook.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $4.87 remains intact. Under this scenario, the stock is expected to target the key support level at $3.81.

Today's price forecast: Bearish.

Schlumberger N.V. (SLB) moved lower in recent intraday trading as a bearish divergence began to form on momentum indicators after they reached extremely overbought levels relative to the stock's price action. Momentum indicators have also started generating bearish signals, reinforcing the downside pressure surrounding the stock. At the same time, a steep short-term bearish corrective wave remains firmly in control, while continued trading below the 50-day Simple Moving Average (SMA) maintains additional negative pressure.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, particularly as long as it remains below the $48.73 resistance level. Under this scenario, the stock is expected to target the key support level at $44.60.

Today's price forecast: Bearish.