Advanced Micro Devices Inc (AMD) stock jumped higher in its latest intraday trading, under the dominance of the main short-term bullish trend and trading along an ascending line that supports this path. Continuous positive pressure is maintained from trading above the previous 50-day SMA, while a bullish crossover has started to appear on the relative strength indicators after the stock successfully corrected its overbought levels. This strengthens the prospects for extending gains in the near term.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 203.00$ holds, targeting the resistance level of 265.00$.
Today’s stock forecast: Bullish.
Delta Air Lines, Inc (DAL) stock advanced in its latest intraday trading, preparing to attack the important resistance level of 63.33$, under the dominance of a short-term upward wave and trading along an ascending line. The move is supported by continued trading above the previous 50-day SMA, in addition to positive signals appearing from the relative strength indicators, despite reaching extremely overbought levels.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially if it breaks above the mentioned resistance of 63.33$, targeting the key resistance level of 69.45$.
Today’s stock forecast: Bullish.
General Motors Company (GM) stock strengthened in its latest intraday trading after finding support at a main upward trend line on the short-term chart, gaining positive momentum that coincided with the appearance of bullish signals from the relative strength indicators after reaching extremely oversold levels. This further boosted the stock’s positive momentum, helping it overcome the negative pressure from the previous 50-day SMA and signaling a full recovery.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 54.35$ holds, targeting the key resistance level of 61.25$.
Today’s stock forecast: Bullish.
BlackRock, Inc (BLK) stock rose in its latest intraday trading, successfully breaking through the key resistance level of 1,168.35$, supported by ongoing dynamic strength from trading above the previous 50-day SMA. The main short-term trend remains bullish, with trading along an ascending line that reinforces this direction. In addition, positive signals have started to appear from the relative strength indicators after reaching oversold areas.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above 1,168.35$, targeting the first resistance level at 1,275.40$.
Today’s stock forecast: Bullish.