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Bristol-Myers Squibb tries to correct downward trend - Analysis - 06-06-2023

Economies.com
2023-06-06 11:17AM UTC

Bristol-Myers Squibb Company's stock (BMY) rose in the intraday levels, buoyed by positive signals from the RSI, while correcting the main downward trend in the short term, as it marked a fresh profit of 0.49% in the last session, or 32 cents, settling at 65.98, while trading alongside the downward trend line, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support at 63.10, provided the resistance of 66.40 holds on.

 

Expected trend for today: Bearish

United Health collects profits - Analysis - 06-06-2023

Economies.com
2023-06-06 11:18AM UTC

United Health Group Incorporated's stock (UNH) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, as the stock marked a loss of 0.28% in the last session, or 1.39 points, and settling at 498.18, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, as it also benefited from positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the important resistance of 505.50, provided the support of 487.75 holds on.

 

Expected trend for today: Bullish

Microstrategy gives in to negative pressure - Analysis - 06-06-2023

Economies.com
2023-06-06 11:17AM UTC

Microstrategy Incorporated's stock (MSTR) fell in the intraday levels, after touching the resistance of the 50-day SMA, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, with the stock forming a negative divergence in the RSI, doubling pressures on the stock, which also pierced the upside short-term trend line, marking a heavy loss of 8.53% in the last session, or 25.77 points, and settling at 276.36. 

 

Therefore we expect more losses for the stock, targeting the support of 230.70, provided the resistance of 306.00 holds on.

 

Expected trend for today: Bearish

CitiGroup exposed to pressure - Analysis - 06-06-2023

Economies.com
2023-06-06 11:16AM UTC

CitiGroup's stock (C) fell in the intraday levels after touching the resistance of the 50-day SMA, amid the dominance of the downward trend, marking a loss of 0.17% in the last session, or 8 cents, and settling at 46.24, with positive signals emitting from the RSI.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 43.50, provided the resistance of 47.50 holds on.

 

Expected trend for today: Bearish