Alibaba Group Holdings (BABA) stock price declined in its latest intraday trading amid continued negative signals from the Stochastic indicators after reaching deeply overbought levels, as the stock attempts to relieve this overbought condition and gain positive momentum that could help it recover and rise again, while finding support from its 50-day SMA, coinciding with a retest of a short-term bearish trend line that the stock had previously broken above.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $128.95 support level, targeting the $148.65 resistance level.

Today’s price forecast: Bullish

Western Digital Corporation (WDC) stock price declined in its latest intraday trading, as the stock takes profits from its previous gains and attempts to gain positive momentum that could help it rise again, amid the dominance of the main upward trend in the medium term, while continuing to trade above its 50-day SMA, which provides ongoing positive support. In the background, we notice the Stochastic indicators reaching deeply oversold levels in an exaggerated manner compared to the stock’s movement, signaling the likely emergence of renewed positive momentum around the stock.

Therefore we expect the stock price to rise in its upcoming trading, targeting the nearby key resistance level at $525.00, with strong chances of breaking above it.

Today’s price forecast: Bullish

Snap Inc. (SNAP) stock price rose in its latest intraday trading after rebounding from the support of its 50-day SMA, which provided the stock with positive momentum that helped it achieve these gains, amid the dominance of a short-term corrective upward wave, while a positive divergence begins to form on the Stochastic indicators after reaching deeply oversold levels in an exaggerated manner compared to the stock’s movement, alongside the beginning of a positive crossover appearing on them, which strengthens the chances of further upside in the near term.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $4.95 support level, targeting once again the $6.34 resistance level in preparation for attacking it.

Today’s price forecast: Bullish

Schlumberger N.V. (SLB) stock price witnessed volatile trading in its latest intraday movement, through which it maintained its previous gains while attempting to gain positive momentum that could help it resume those gains, amid continued dynamic positive support from trading above its 50-day SMA, which reinforces the stability and dominance of the main upward trend in the short term, while moving alongside a trend line supporting this path. In addition, we notice continued positive signals from the Stochastic indicators after reaching deeply oversold levels.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $52.45 support level, targeting the nearby key resistance level at $57.20 in preparation for attacking it.

Today’s price forecast: Bullish