Broadcom (AVGO) stock declined in its latest intraday trading, as it undergoes profit-taking from earlier gains while attempting to gather positive momentum that could support recovery and renewed rise. At the same time, the stock is working to unwind part of its clear overbought levels in the Stochastic indicators, especially with a negative crossover beginning to appear. The outlook remains supported by continued trading above its previous 50-day SMA, while the main short-term bullish trend is still in control with trading along an upward slope line.

Therefore, we expect the stock to rise in its upcoming trading, as long as it remains stable above 317.35, to then target the resistance level of 374.50.

Today’s price forecast: Bullish.

Chevron Corporation (CVX) stock advanced in its latest intraday trading, after finding support at its previous 50-day SMA, which provided positive momentum helping it achieve these gains. The stock is also trading along a minor short-term upward trend line, while the Stochastic indicators have reached strongly oversold levels, exaggerated relative to the price movement, suggesting the beginning of a positive divergence.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 151.95 holds, to then target the key resistance level of 161.35 in preparation to test it.

Today’s price forecast: Bullish.

D.R. Horton, Inc. (DHI) stock declined in its latest intraday trading, as it undergoes profit-taking from prior gains while attempting to gather positive momentum that may support recovery and renewed rise. At the same time, the stock is working to unwind part of its clear overbought levels in the Stochastic indicators, especially with negative signals beginning to appear. Positive pressure continues from trading above its previous 50-day SMA, while movements along a minor corrective upward slope line on the short term further support the bullish outlook.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 166.25 holds, to then target the key resistance level of 195.50.

Today’s price forecast: Bullish.

Dominion Energy, Inc. (D) stock declined in its latest intraday trading, after hitting resistance at its previous 50-day SMA, which exposed it to negative pressure. The stock is also moving along a short-term corrective downward trend line, while negative signals continue to appear in the Stochastic indicators after previously reaching strongly overbought levels, exaggerated relative to the stock’s movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 118.65 holds, to then target the support level of 111.55.

Today’s price forecast: Bearish.