Boeing Company (BA) extended its gains in the latest intraday trading, as the stock attempts to shake off the negative pressure from its previous 50-day SMA. This move is supported by positive signals flowing from the RSI indicators, despite their stability in extremely overbought territory, all while the main medium-term ascending trend remains in control.

Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above the support level at $196.80, targeting the resistance level at $215.90.

Today’s price forecast: Bullish

McCormick & Company, Incorporated (MKC) extended its gains in the latest intraday trading, supported by positive signals from the RSI indicators and benefiting from dynamic support as it continues to trade above its previous 50-day SMA. The stock’s recent advance also enabled it to break a main medium-term descending trendline, opening the door for further gains in the near term.

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level at $65.90, targeting the first resistance level at $70.80.

Today’s price forecast: Bullish

Victoria’s Secret & Co. (VSCO) continued to rise in its latest intraday trading, amid full dominance of the main ascending trend on the medium term, with the stock moving alongside major and minor trendlines. This move is supported by its continued trading above the 50-day SMA, reinforcing the prevailing bullish structure. However, on the other hand, RSI indicators have reached extremely overbought levels, which may weigh on the stock’s ability to extend its gains in the near term.

Therefore we expect the stock to continue rising in its upcoming trading, targeting the nearby resistance level at $58.25, with strong chances for a breakout.

Today’s price forecast: Bullish

Zoom Video Communications (ZM) declined in its latest intraday trading after the pivotal resistance level at $88.90 held, as the stock attempts to build positive momentum that may help it break through this resistance. At the same time, it is trying to relieve part of its clear overbought saturation on the RSI indicators, especially with the start of negative signal inflows. This comes amid the dominance of the main medium-term ascending trend, with the price moving alongside a supporting trendline, and continued dynamic support from trading above its previous 50-day SMA, which enhances the stock’s recovery prospects.

Therefore we expect the stock to rise in its upcoming trading, but only if it first breaks the mentioned resistance at $88.90, targeting thereafter the resistance level at $100.00.

Today’s price forecast: Bullish