Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

ASML soars - Analysis - 07-02-2024

Economies.com
2024-02-07 11:43AM UTC

ASML Holdings’ stock extended its gains in the intraday levels, amid the dominance of the main upward medium-term trend, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, which could hinder upcoming gains. 

 

Therefore we expect more gains for the stock, targeting the resistance of 960.00, provided the support of 826.86 holds on.

 

Expected trend for today: Bullish

Home Depot strives to pierce stubborn resistance - Analysis - 07-02-2024

Economies.com
2024-02-07 11:42AM UTC

Home Depot’s stock (HD) edged up in the intraday levels while trying to pierce the stubborn resistance of 354.40, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, countered with negative signals from the RSI, containing gains.

 

Therefore we expect the stock to rise and target the resistance of 377.50, provided the resistance of 354.40 was pierced. 

 

Expected trend for today: Bullish

Kellogg ends cautiously higher - Analysis - 07-02-2024

Economies.com
2024-02-07 11:42AM UTC

Kellogg Company’s stock (K) rose in the intraday levels, touching the resistance of the 50-day SMA, while hurt by piercing the upward correctional trend line in the short term, with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the first support at 52.67, provided the stock settles firmly below the resistance of 55.20. 

 

Expected trend for today: Likely Bearish 

Pinduoduo climbs after closing price gap - Analysis - 07-02-2024

Economies.com
2024-02-07 11:41AM UTC

Pinduoduo’s stock (PDD) rose in the intraday levels after leaning on the pivotal support of 120.30, managing to close the price gap that was formed earlier, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels.

 

Therefore we expect the stock to rise and target the first resistance at 133.20, provided the support of 120.30 holds its ground. 

 

Expected trend for today: Bullish