Amazon.com’s stock price (AMZN) fell in the intraday levels after the resistance of $176.80 held on, amid the dominance of the downward correctional wave, while the stock was recently hurt by breaching the main upward medium-term trend line, with negative pressure from trading below the 50-day SMA, while the RSI reached overbought levels compared to the stock’s movements, hinting at negative divergence. 

Therefore we expect the stock to decline and target the first support at $166.30, provided the resistance of $176.80 holds on.

Trend forecast: Bearish 

Tesla’s stock price (TSLA) extended its gains in the intraday levels, with positive signals from the RSI and under the dominance of the upward correctional trend in the short term, as the stock tries to shake off negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the first resistance of $234.70, provided the support of $205.60 holds on.

Trend forecast: Bullish

Apple’s stock price (AAPL) maintained its gains in the intraday levels amid the dominance of the main upward trend in the short term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, which could hinder gains. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $237.00, provided the support of $214.60 holds on, with a strong chance of a bounce lower to vent off overbought saturation and collect profits, provided that support holds its ground.

Trend forecast: Bullish

Microsoft’s stock price (MSFT) edged down in the intraday levels after the resistance of $418.50 held on, while the stock is hurt by piercing the main upward trend line in the medium term, with negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence. 

Therefore we expect more losses for the stock, targeting the pivotal support of $389.20, provided the resistance of $418.50 holds on.

Trend forecast: Bearish