C3.ai, Inc. stock price (AI) declined in its latest intraday trading, under full control of the medium-term main downward trend and its movement along a supporting trendline. The stock was also pressured after breaking below the key support level of $18.64 earlier, with continued negative pressure from trading under its 50-day simple moving average. The recent decline came after the stock previously managed to unwind its oversold condition on the Stochastic, but now we see the beginning of a negative crossover, giving it more room to post additional losses in the near term.
Therefore, we expect the stock price to fall in its upcoming trading, as long as it remains below $18.64, targeting the next support level at $13.50.
Today's price forecast: Bearish
Advanced Micro Devices Inc. stock price (AMD) declined in its latest intraday trading, as the stock sought a rising bottom to serve as a base that could help it build the positive momentum needed to recover and break through the key and stubborn resistance level at $174.00. This comes under the dominance of the short-term main upward trend and its movement along a supporting trendline, benefiting as well from dynamic support provided by trading above its 50-day simple moving average. In addition, the Stochastic reached extreme oversold areas, excessively compared to the stock’s movement.
Therefore, we expect the stock price to rise in its upcoming trading, especially if it breaks the aforementioned resistance at $174.00, targeting the next resistance level at $200.00.
Today's price forecast: Bullish
Delta Air Lines, Inc. stock price (DAL) declined in its latest intraday trading, as the stock booked profits from its previous gains while attempting to build positive momentum that may help it recover and climb again. This came as it worked on easing some of its clear overbought conditions on the Stochastic, especially with negative signals starting to appear. Meanwhile, the stock remains under the influence of its short-term corrective upward trend, trading along a supportive trendline, with ongoing positive pressure from trading above its 50-day simple moving average.
Therefore, we expect the stock price to rise in its upcoming trading, as long as support at $54.70 holds, targeting the resistance level of $63.35.
Today's price forecast: Bullish
General Motors Company (GM) stock price declined in its latest intraday trading, as the stock attempted to take profits from its previous gains and relieve some of its overbought levels evident on the Stochastic indicators, especially with bearish signals starting to emerge. This pullback may allow the stock to gather positive momentum that could help it recover and climb again, supported by the ongoing positive pressure from trading above its 50-day SMA, and under the dominance of an upward short-term trend aligned with a rising trendline.
Therefore, we expect the stock to rise in its upcoming trading, especially as long as it holds above the $53.30 support level, targeting the key resistance level at $61.25.
Today's price forecast: Bullish