Amazon.com, Inc (AMZN) stock jumped higher in its latest intraday trading, successfully breaking through the key resistance level of $242.50. This move was accompanied by a sharp increase in trading volumes, confirming the validity of the breakout from a technical standpoint. The rise also helped the stock overcome the negative pressure of the previous 50-day SMA, even as negative signals began to appear from the relative strength indicators after reaching extremely overbought levels.

Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above $242.50, targeting the next resistance level at $264.55.

Today’s stock forecast: Bullish.

International Seaways, Inc. (INSW) stock rose again in its latest intraday trading, confirming a breakout above the key resistance level of $49.80. The move is supported by continued trading above the previous 50-day SMA and under the dominance of the main short-term bullish trend, with trading along an ascending line that reinforces this direction. In addition, positive signals are appearing from the relative strength indicators, though they have reached extremely overbought levels, which may limit the stock’s upcoming gains.

Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above $49.80, targeting the first resistance level at $54.45.

Today’s stock forecast: Bullish.

Revolve Group (RVLV) stock declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. At the same time, the stock is working off part of its overbought levels on the relative strength indicators, where negative signals have started to appear. The decline found support at the previous 50-day SMA, while the stock remains under the dominance of a short-term corrective bullish trend, with trading along an ascending line.

Therefore, we expect the stock to rise in its upcoming trading sessions, provided that the support level of $21.25 holds, targeting the key resistance level of $24.55.

Today’s stock forecast: Bullish.

Toast, Inc (TOST) stock rose in its latest intraday trading, attempting to recover part of its previous losses. However, continued negative pressure from trading below the previous 50-day SMA limits the chances of a sustainable recovery in the near term, especially as the stock continues to trade along a short-term descending line. In addition, bearish signals persist on the relative strength indicators, reinforcing the negative outlook.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $39.75 holds, targeting the support level of $32.70.

Today’s stock forecast: Bearish.