Alphabet's stock kept falling in the intraday levels, piercing the support of 1092.41, which represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 970.27 to 1289.00), amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, as long as it settles below 1092.41, targeting the support of 1045.49, which represents the ratio 76.4% of the same retracement levels.
Expected trend for today: Bearish
McDonald's stock moved in a tight range of trading while trying to pierce the stubborn resistance of 204.18, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium term, countered by negative signals from the RSI.
Therefore we expect the stock to rise, especially if the resistance of 204.18 was breached, targeting the resistance of 211.71.
Expected trend for today: Bullish
Morgan Stanley's stock rose after the support of 42.80 held on, while hurt by exiting an ascending price channel that guided recent trading, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA.
Therefore we expect the stock to fall if the support of 42.80 was breached, targeting the next one at 40.10.
Expected trend for today: Bearish
Ford's stock fell and leaned on the support of 9.77, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (from 12.14 to 7.41), while trading alongside the upward short-term trend line, as the RSI reached oversold levels.
Therefore we reaffirm our positive outlook for the stock, as long as the support of 9.77 holds on, targeting the next resistance at 10.33, which represents the ratio 61.8% of the same retracement levels.
Expected trend for today: Bullish