The stock price of American Express Company (AXP) rose in its latest intraday trading, supported by positive momentum from trading above its previous 50-day SMA. The stock remains under the control of a main upward trend, moving along a short-term ascending trendline. Additionally, we observe the emergence of a positive divergence in relative strength indicators after reaching extremely oversold levels—an exaggerated condition compared to the stock’s actual price movement—along with early positive signals starting to appear.
Therefore we expect the stock price to rise in upcoming sessions, as long as the support at $301.75 remains intact, targeting the key resistance level at $329.00.
Today’s price forecast: Bullish.
The stock price of Etsy (ETSY) declined in its latest intraday trading, following stability at the key resistance level of $65.00. The stock is currently taking profits from previous gains while attempting to build positive momentum that may help it recover and break through that resistance. It is also trying to relieve some of its overbought condition as indicated by relative strength indicators, especially with early negative signals emerging. The short-term upward corrective trend remains intact, with the stock trading along its ascending trendline.
Therefore we expect the stock price to rise in upcoming sessions, especially if it breaks through the $65.00 resistance, targeting the next resistance at $71.70.
Today’s price forecast: Bullish.
The stock price of Dollar General Corporation (DG) declined slightly in its latest intraday trading, as the stock attempts to gain positive momentum that may support a renewed upward move. The recent drop was supported by the 50-day SMA, with the short-term upward corrective trend still in control and the stock trading along its ascending trendline. Positive signals continue to appear from relative strength indicators after reaching deeply oversold levels.
Therefore we expect the stock price to rise in upcoming sessions, as long as the support level of $106.00 holds, targeting the key resistance level of $116.30.
Today’s price forecast: Bullish.
The stock price of Domino’s Pizza Inc. (DPZ) rose in its latest intraday trading, benefiting from the positive support of trading above its previous 50-day SMA, alongside bullish signals from relative strength indicators — despite reaching overbought territory. The short-term upward corrective trend remains dominant, with the stock moving alongside its ascending trendline.
Therefore we expect the stock price to rise in upcoming sessions, targeting the key resistance level of $499.00 in preparation to break through it.
Today’s price forecast: Bullish.