Applied Materials’ stock price (AMAT) edged higher in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock some positive momentum, while trying to recoup some losses, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI. 

Therefore we expect the price to return lower, provided the support of $171.60 was reliably breached, targeting the next one at $148.00.

Trend forecast for today: Likely Bearish 

Kroger Company’s stock price (KR) returned higher in the intraday levels, amid the dominance of the main upward trend in the medium term, while buoyed by trading above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $63.59, provided the support of $58.34 holds on.

Trend forecast for today: Bullish

Zscaler’s stock price (ZS) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals coming out of it, while gathering positive momentum to rise anew, amid the dominance of the upward correctional trend in the short term, and buoyed by trading above the 50-day SMA. 

Therefore we expect the price to return higher and target the important resistance of $217.84, provided the support of $179.72 holds on.

Trend forecast for today: Likely Bullish

Brent oil price shows more bearish bias that supports the continuation of the bearish trend domination on the intraday and short-term basis, which targets testing 75.66$ as a next station, noting that breaking this level will push the price towards 74.00$ on the near-term basis, while breaching 77.05$ will stop the bearish wave and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 74.90$ support and 77.90$ resistance.

Trend forecast: Bearish