AMD's stock fell in the short term while seeking a bottom to bolster it higher, amid negative signals from the RSI after reaching oversold levels, with negative pressure from the 50-day SMA.
We expect the stock to return higher provided the support of 29.59 holds on, targeting the resistance of 31.93 anew.
Expected trend for today: Bullish
Amazon's stock fell after the resistance of 1844.88 held on, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, as long as the resistance of 1844.88 holds on, targeting the support of 1747.20.
Expected trend for today: Bearish
Pfizer's stock fell after trying to correct the main downward trend in the short term, amid negative pressure from the 50-day SMA, while the RSI reached overbought levels, while a negative divergence forms in the Stochastic indicator.
Therefore we expect more losses for the stock as long as the resistance of 36.81 holds on, targeting the first support at 35.32.
Expected trend for today: Bearish
Adobe's stock kept falling in the short term after exiting an ascending price channel that guided recent medium-term trading, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, especially if the support of 276.55 was breached, targeting the next one at 267.13.
Expected trend for today: Bearish