Boeing Company (BA) stock advanced in its latest intraday trading, rising to test the key resistance level of 236.45. The short-term bullish trend remains in control, with trading moving along an upward slope line that supports this path, while positive pressure continues from trading above its previous 50-day SMA. In addition, positive signals are flowing from the Stochastic indicators after previously reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance of 236.45, to then target its next resistance at 259.00.

Today’s price forecast: Bullish.

McCormick & Company, Incorporated (MKC) stock closed with slight and cautious gains in its latest session, while still facing ongoing negative pressure from trading below its previous 50-day SMA, which has acted as dynamic resistance preventing recovery. The medium-term bearish trend remains in control, with trading moving along a downward slope line that supports this path. Meanwhile, a negative divergence has started to form in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to the stock’s movement, as negative signals begin to flow.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 72.60 holds, to then target the key support level of 68.25.

Today’s price forecast: Bearish.

Victoria’s Secret & Co. (VSCO) stock advanced in its latest intraday trading, preparing to test the key resistance level of 23.80. The stock is supported by continued trading above its previous 50-day SMA, while the short-term corrective bullish trend remains in control with trading along an upward slope line. In addition, we notice the beginning of a positive divergence in the Stochastic indicators after reaching excessively oversold levels relative to the price movement, with a positive crossover also starting to appear.

Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance of 23.80, to then target its next resistance at 30.00.

Today’s price forecast: Bullish.

Zoom Video Communications (ZM) stock rose in its latest intraday trading, following profit-taking from its previous gains and attempting to unwind part of its clear overbought levels in the Stochastic indicators, especially as negative signals have begun to emerge. The stock remains influenced by breaking a short-term corrective upward trend line, while benefiting from dynamic support provided by trading above its previous 50-day SMA.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 75.70 holds, to then target the key resistance level of 88.90.

Today’s price forecast: Bullish.