Autodesk (ADSK) extended its gains in its latest intraday trading, supported by a positive short-term technical formation—a falling wedge pattern. The recent rise enabled the stock to shed the negative pressure from its previous 50-day SMA, giving it room to target new resistance levels in the near term. However, we also note that the RSI indicators have reached extremely overbought levels, which may limit the stock’s upcoming gains.

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $299.40, targeting the pivotal resistance level of $326.60.

Today’s price forecast: Bullish

PayPal Holdings (PYPL) advanced slightly in a session marked by volatility, as the stock attempts to correct its main short-term descending trend amid continued negative pressure from trading below its previous 50-day SMA. This limits the stock’s ability to fully recover in the near term, especially with the RSI indicators reaching extremely overbought levels in an exaggerated manner compared to the price movement, suggesting the early formation of a negative divergence.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $65.45, targeting again the support level of $58.00.

Today’s price forecast: Bearish

Pfizer (PFE) declined in its latest intraday trading as negative signals flowed from the RSI indicators, while the stock attempts to acquire positive momentum that may help it recover and rise again. The recent decline pushed the price to lean on support from its previous 50-day SMA, under the dominance of the main short-term ascending trend, with the stock moving alongside a supporting trendline.

Therefore we expect the stock to rise in its upcoming trading, provided it remains above the support level of $24.95, targeting the first resistance level at $26.10.

Today’s price forecast: Bullish

Caterpillar, Inc. (CAT) rose in its latest intraday trading as the stock prepares to attack the pivotal resistance level of $596.20, supported by its continued movement above the previous 50-day SMA and under the dominance of the main medium-term ascending trend, with the price moving alongside a trendline that reinforces this path. However, we also note that the RSI indicators have reached extremely overbought levels, accompanied by the early emergence of a negative crossover, which may limit the stock’s ability to sustain rapid gains in the near term.

Therefore we expect the stock to rise in its upcoming trading, but only if it first breaks the mentioned resistance at $596.20, targeting thereafter its next resistance at $632.95.

Today’s price forecast: Bullish