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Amazon tries to vent off oversold saturation - Analysis - 07-10-2021

Economies.com
2021-10-07 11:34AM UTC

Amazon's stock (AMAZON) rose 1.27% in the last session after the pivotal support of 3,176 held on amid attempts to recoup some recent losses, while venting off oversold saturation in the RSI, amid positive signals out of them, while trading alongside the downward correctional short-term trend line, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support at 3,176.50.

 

Expected trend for today: Bearish 

Oracle driven lower by pivotal resistance - Analysis - 23-09-2021

Economies.com
2021-10-07 11:35AM UTC

Oracle's stock (ORCL) fell 0.16% in the last session after the pivotal resistance of 91.10 held on , while gathering positive momentum to pierce that resistance, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals out of the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 96.00, provided the resistance of 91.10 was breached.

 

Expected trend for today: Bullish 

Adobe climbs in negative zone - Analysis - 07-10-2021

Economies.com
2021-10-07 11:35AM UTC

Adobe's stock (ADBE) rose 0.64% in the last session while recouping some recent losses and venting off oversold saturation in the RSI, amid positive signals out of them, with the stock settling below the resistance of 576.70, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 420.63 to 673.64), while suffering negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the first support at 547.35, representing the ratio 50% of the same retracement levels. 

 

Expected trend for today: Bearish

Gilead tries to recoup losses - Analysis - 07-10-2021

Economies.com
2021-10-07 11:35AM UTC

Gilead's stock (GILD) rose 0.12% in the last session, settling at 67.48 while trying to recover some recent losses, while venting off oversold saturation in the RSI, amid the dominance of the downward correctional short-term wave, as the stock was hurt by piercing the upward trend line recently, while suffering negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the important support of 66.60.

 

Expected trend for today: Bearish