BlackRock, Inc. stock price (BLK) rose in its latest intraday trading, under the dominance of a main upward trend on the short-term and moving along a supporting trend line. The stock benefited from dynamic pressure represented by trading above its 50-day simple moving average, which reinforces the bullish outlook. Additionally, we notice the formation of a positive divergence in the Stochastic indicators, after reaching heavily oversold areas, with a positive crossover starting to appear.
Therefore, we expect the stock price to rise during its upcoming trading, especially if it breaks through the important resistance of $1,168, to then target the first resistance level at $1,220.
Today's price forecast: Bullish
Alphabet Inc. (GOOG) stock price jumped higher in its latest intraday trading, attacking the key resistance level of $208.70. The stock remains under the control of the primary upward trend, trading along a short-term supporting trendline, with continued positive pressure from its position above the 50-day simple moving average. However, RSI indicators are showing negative signals, which may temporarily cap further gains.
Therefore, we expect the stock price to rise in its upcoming trading sessions, provided it first breaks through the mentioned resistance of $208.70, to then target its next resistance at $226.50.
Today’s price forecast: Bullish
Nu Holdings Ltd. (NU) stock price rose in its latest intraday trading, challenging the key resistance level of $14.08, supported by continued trading above its 50-day simple moving average, which provides renewed positive momentum. The stock remains within the short-term corrective upward trend, trading along a supporting trendline. However, RSI indicators show extremely overbought conditions, in an exaggerated manner compared to the stock’s movement, which may cap further upside potential in the near term.
Therefore, we expect the stock price to advance in its upcoming trading sessions, provided it first breaks through the mentioned resistance of $14.08, to then target the next resistance level at $15.16.
Today’s price forecast: Bullish
General Motors Company (GM) stock price declined in its latest intraday trading, as the stock booked profits from previous gains and attempted to ease its apparent overbought condition shown on the RSI indicators, particularly with negative signals emerging. This consolidation may help the stock regain positive momentum to recover and climb again, supported by ongoing positive pressure from trading above its 50-day simple moving average, while the main short-term uptrend remains intact with trading aligned to a supporting trendline.
Therefore, we expect the stock price to rise in its upcoming trading sessions, especially as long as it holds above the $53.30 support level, targeting the pivotal resistance level of $61.25.
Today’s price forecast: Bullish