Berkshire Hathaway Inc. (BRK.B) edged lower in its latest intraday trading after the key resistance level of 507.35$ held firm. The stock is attempting to build positive momentum that could help it break above this barrier, while also trying to unwind some of its clear overbought conditions on RSI indicators, which have begun to send bearish signals. Despite this, the stock maintains dynamic support from trading above its 50-day simple moving average, within a prevailing short-term bullish trend aligned with an ascending minor trendline.
Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks above the mentioned resistance level of 507.35$, targeting the next key resistance at 539.00$.
Today's price forecast: Bullish
Eli Lilly and Company (LLY) rose in its latest intraday trading, with a strong bullish trend firmly dominating the short-term outlook as the stock continues to move alongside an ascending trendline. This upward momentum is supported by sustained trading above the 50-day simple moving average. However, RSI indicators have begun to show a bearish crossover after reaching extremely overbought levels, which could 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 972.50$, targeting the first resistance level at 1,066.00$.
Today's price forecast: Bullish
Walmart Inc. (WMT) declined in its latest intraday trading after encountering resistance at its 50-day simple moving average. This reinforced the negative pressure triggered earlier when the stock broke a short-term ascending trendline. This movement is accompanied by the emergence of a bearish crossover in RSI indicators after reaching overbought levels, increasing the likelihood of extended losses in the near term.
Therefore, we expect the stock to decline in its upcoming trading as long as it remains below the resistance level of 105.30$, targeting the key support at 95.60$.
Today's price forecast: Bearish
JPMorgan Chase & Co. (JPM) declined in its latest intraday trading, facing bearish pressure as it continues to trade below its 50-day simple moving average. The stock also broke a major short-term ascending trendline, which further strengthens the prevailing negative outlook. This comes alongside ongoing bearish signals from the RSI, despite it being in extremely oversold territory.
Therefore, we expect the stock to fall in its upcoming trading, as long as it remains below the resistance level of 309.50$, targeting its first support at 290.55$.
Today's price forecast: Bearish