BioNTech SE (BNTX) stock rose in its latest intraday trading, with a short-term bullish trend dominating and trading aligned along an ascending line supporting this movement. The stock also benefited from resting on support at its previous 50-day SMA. Additionally, a positive divergence has begun to form on the relative strength indicators after they reached extremely oversold levels compared with price action, accompanied by the emergence of fresh positive signals.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $95.95 holds, targeting the key resistance level of $115.55.

Today’s stock forecast: Bullish.

Carnival Corporation (CCL) stock inched slightly higher in its latest intraday trading, supported by the emergence of positive signals on the relative strength indicators after reaching oversold levels, as the stock attempts to ease that condition. However, continued negative pressure from trading below the previous 50-day SMA keeps the short-term corrective bearish wave intact, with trading aligned along a descending line that reinforces this direction.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $28.12 holds, targeting the support level of $24.63.

Today’s stock forecast: Bearish.

Nucor Corporation (NUE) stock declined in its latest intraday trading as bearish signals appeared on the relative strength indicators. However, the stock is attempting to find a higher bottom that could serve as a base to regain positive momentum and support a potential recovery. It is currently resting on support at its previous 50-day SMA, within the dominance of a short-term bullish trend and trading along an ascending line that supports this direction.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $138.10 holds, targeting the key resistance level of $155.80.

Today’s stock forecast: Bullish.

The Clorox Company (CLX) stock went into free fall in its latest intraday trading, under continued negative pressure from trading below the previous 50-day SMA, which reinforces the dominance of the main medium-term bearish trend, with trading aligned along a descending line. Additionally, bearish signals continue to appear on the relative strength indicators after the stock successfully eased its previous oversold conditions, further intensifying the negative momentum surrounding it.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $116.55 holds, targeting the main support level of $100.00.

Today’s stock forecast: Bearish.