Amgen’s stock price (AMGN) rose in latest intraday trading, while trying to recoup some recent losses as it also tried to vent off oversold saturation in the Stochastic, with positive signals emerging from it, amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to decline as long as it settles below $283.65, targeting the pivotal support of $257.00.
Today’s price forecast: Bearish
TJX Companies’ stock price (TJX) edged lower in latest intraday trading, amid ongoing negative pressure due to trading below the 50-day SMA, but the upward trend dominates in the medium-term, with positive signals emerging from the Stochastic after reaching oversold levels.
Therefore we expect the stock to rise and target the first resistance at $128.00, provided the support of $121.00 holds on.
Today’s price forecast: Bullish
Autodesk’s stock price (ADSK) rose in latest intraday trading, boosted by positive signals from the Stochastic, with dynamic support due to trading above the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms.
Therefore we expect the price to rise and target the pivotal resistance of $317.00, provided the support of $290.60 holds on.
Today’s price forecast: Bullish
PayPal Holdings’ stock price (PYPL) extended its gains in latest intraday trading, boosted by trading alongside the upward correctional trend line in the short term, with ongoing positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the price to rise and target the important and near resistance at $75.30.
Today’s price forecast: Bullish