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AMD in a free fall - Analysis - 18-09-2023

Economies.com
2023-09-18 11:35AM UTC

Advanced Micro Device's stock (AMD) skidded in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI, after reaching overbought levels, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 88.95, provided it settles below the resistance of 107.46. 

 

Expected trend for today: Bearish

AirBNB tries to vent off overbought saturation - Analysis - 18-09-2023

Economies.com
2023-09-18 11:35AM UTC

AirBNB's stock (ABNB) fell in the intraday levels, with negative signals from the RSI after reaching overbought levels, while venting off overbought saturation in the RSI, as it gathers positive momentum to rise anew, amid the dominance of the upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 154.95, provided it settles above 139.00.

 

Expected trend for today: Likely Bullish

 

 

 

Starbucks suffers from negative pressures - Analysis - 18-09-2023

Economies.com
2023-09-18 11:34AM UTC

Starbucks' stock (SBUX) fell in the intraday levels, amid negative pressure from the 50-day SMA, while trading alongside the downward correctional trend line in the short term, countered with positive signals from the RSI, hindering losses, while reaching overbought levels.

 

Therefore we expect the stock to decline and target the support of 90.90, provided it settles below the resistance of 97.50.

 

Expected trend for today: Bearish

Roblox rises amid negative pressures - Analysis - 18-09-2023

Economies.com
2023-09-18 11:34AM UTC

Roblox Corporation's stock (RBLX) rose in the intraday levels, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 25.46, provided the resistance of 32.52 holds on.

 

Expected trend for today: Bearish