Advanced Micro Devices Inc. (AMD) stock price declined during its latest intraday trading, amid the dominance of a short-term corrective bearish wave and following the earlier break of a major upward trendline. The stock continues to face negative pressure as it trades below its 50-day simple moving average, which reinforces the bearish outlook. In addition, a negative crossover is beginning to appear on the RSI after reaching overbought territory, adding further downside pressure to the price.

Therefore we expect the stock price to decline during upcoming trading sessions, as long as it remains below the resistance level at $216.70, targeting the support level at $186.65.

Today’s price forecast: Bearish

ConocoPhillips (COP) stock price strengthened its gains during its latest intraday trading, supported by the beginning of a positive divergence on the RSI after reaching extremely oversold levels in an exaggerated manner compared to price action. Positive signals are starting to emerge from the indicator, preparing the stock to challenge the key resistance level at $115.40. This comes amid the dominance of the main upward trend in the short term, with price movements aligned along a supportive secondary trendline, while dynamic support remains in place as the stock trades above the 50-day simple moving average.

Therefore we expect the stock price to rise during upcoming trading sessions, targeting the mentioned resistance level at $115.40. If the stock manages to break above it, the next target would be at $120.00.

Today’s price forecast: Bullish

AT&T INC (T) stock price rose during its latest intraday trading after successfully holding above the $27.45 support level, which provided positive momentum and helped the stock achieve these gains. This comes amid the dominance of the main upward trend in the short term, along with continued dynamic support as the stock trades above the 50-day simple moving average. We also notice the beginning of a positive crossover on the RSI after reaching deeply oversold levels, in an excessive manner compared to price action, suggesting the early formation of a positive divergence.

Therefore we expect the stock price to rise during upcoming trading sessions, as long as it remains stable above the $27.45 support level, targeting the $29.80 resistance level.

Today’s price forecast: Bullish

DEERE & COMPANY (DE) stock price advanced during its latest intraday trading, amid full control of the main upward trend over both the medium and short term. The stock continues to receive dynamic support as it trades above the 50-day simple moving average. In addition, the RSI has reached deeply oversold levels, in an exaggerated manner compared with price action, while a positive crossover has started to appear, signaling the formation of a positive divergence that reinforces the bullish pressure surrounding the stock.

Therefore we expect the stock price to rise during upcoming trading sessions, as long as it remains above the support level at $590.95, targeting the key resistance level at $674.00.

Today’s price forecast: Bullish