Autodesk (ADSK) stock advanced in its latest intraday trading, supported by holding above the critical 279.90 support level. This stability gave the stock some positive momentum, allowing it to recover part of previous losses while also easing its oversold RSI conditions, with early signs of positive signals starting to appear. However, downward pressure remains from trading below its previous 50-day SMA and from the earlier break of a short-term bullish trendline.

Therefore, we expect the stock price to decline in upcoming trading, particularly if it breaks below the mentioned 279.90 support level, with the next downside target at 267.60.

Today’s price forecast: Bearish

PayPal Holdings (PYPL) stock declined in its latest intraday trading, with the drop positioning it to potentially break the critical 67.50 support level. In earlier sessions, the stock had already worked off its oversold RSI levels, but it continues to face negative pressure from trading below its previous 50-day SMA, while also being impacted by a break of a short-term corrective bullish trendline.

Therefore, we expect the stock price to fall in its upcoming trading, particularly if it breaks below the mentioned 67.50 support level, with the next support target at 59.50.

Today’s price forecast: Bearish

Pfizer (PFE) stock edged slightly lower in its latest intraday trading, in an attempt to gain positive momentum that may help it rise again. The stock is benefiting from dynamic support represented by trading above its previous 50-day SMA, which reinforces the stability of the short-term corrective bullish trend as it moves along a supporting slope line. Meanwhile, bullish signals continue to emerge on the RSI, despite it reaching extremely overbought levels.

Therefore, we expect the stock price to rise in its upcoming trading, as long as it remains above the 24.50 support level, targeting the 26.50 resistance level.

Today’s price forecast: Bullish

Caterpillar, Inc. (CAT) stock declined in its latest intraday trading, as it attempts to find a higher bottom to serve as a base that could help it gain the necessary positive momentum for recovery. The stock is supported by an ascending trend line in the short term, while continued positive pressure comes from trading above its previous 50-day SMA. In addition, we note the emergence of bullish signals in the RSI after reaching extremely oversold levels, which appear excessive compared to the stock’s movement, forming a potential bullish divergence.

Therefore, we expect the stock price to rise in its upcoming trading, as long as the support level of 400.50 remains intact, targeting once again the key resistance level of 441.00.

Today’s price forecast: Bullish