Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Bed Bath & Beyond exposed to a free fall - Analysis - 30-06-2022

Economies.com
2022-06-30 12:46PM UTC

Bed Bath & Beyond's stock (BBBY) skidded in the intraday levels after reporting disappointing first quarter data, with CEO Mark Treiton eliminated from his position, with the stock tumbling 23.58%, or 1.54 points, settling thereafter near record lows at 4.99, with trading volumes surpassing 35 million shares, above 10-day averages of 10 million shares. 

 

The main downward trend dominates in the medium and short terms, while suffering negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting  the pivotal support of 3.52, provided the resistance of 7.48 holds on.

 

Open Live Trading Account

Expected trend for today: Bearish 

Nio driven lower by pivotal resistance - Analysis - 30-06-2022

Economies.com
2022-06-30 12:46PM UTC

Nio's stock declined in the intraday levels after the pivotal resistance of 23.94, while trading alongside the main downward short-term trend line, with negative signals from the RSI after reaching overbought levels, with positive support from the 50-day SMA, marking a final loss of 2.24%, or 50 cents, and settling at 21.86, with trading volumes surpassing 71.5 million shares, below 10-day averages of 80.6 million shares. 

 

The decline came after a report accused the company of overreporting its financial results, which Nio denied. 

 

Therefore we expect more losses for the stock, targeting the support of 17.77, provided the pivotal resistance of 23.94 holds on. 

 

Open Live Trading Account

Expected trend for today: Bearish 

Pinterest emits bearish signals despite gains - Analysis - 30-06-2022

Economies.com
2022-06-30 12:46PM UTC

Pinterest's stock (PINS) rose 1.32% in the last session, or 26 cents, settling at 19.96, with trading volumes surpassing 25  million shares, above 10-day averages of 17.4 million shares, after the company said its co-founder Bin Silberman is resigning from its executive position. 

 

The company's suffering negative pressure from trading below the 50-day SMA, amid the dominance of the main downward trend in the medium and short term, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of 16.14, provided the resistance of 21.92 holds on.

 

Open Live Trading Account

Expected trend for today: Bearish 

Midday update for Brent oil 30-06-2022

Economies.com
2022-06-30 10:15AM UTC

Brent oil price fluctuates within sideways track that puts the price out of the bullish channel, waiting to resume the positive trades and step above 113.20 to reinforce the expectations of continuing the bullish trend in the upcoming sessions, to keep our positive overview conditioned by the price stability above 112.00, reminding you that our next main target is located at 115.10.

 

The expected trading range for today is between 111.00 support and 116.00 resistance.

 

Open Live Trading Account

The expected trend for today: Bullish