Caterpillar’s stock price (CAT) edged lower in the intraday levels, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA, while also leaning on the main upward trend line in the medium term, coupled with positive signals from the RSI after reaching oversold levels, as it seeks a bottom to bounce it higher anew. 

Therefore we expect the stock to return higher and target the first resistance at $380.80, provided the support of $349.80 holds on.

Trend forecast for today: Likely Bullish 

Target Corporation’s stock price (TGT) fell in the intraday levels, amid the dominance of the downward trend in the medium term, with negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI after reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the pivotal support of $120.20, provided the resistance of $145.00 holds on.

Trend forecast for today: Bearish 

Snowflake’s stock price (SNOW) rose in the intraday levels, tackling the pivotal resistance of $186.90, amid the dominance of the upward correctional trend in the short term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI. 

Therefore we expect more gains for the stock, provided the aforementioned resistance of $186.90 was breached, thus targeting the next one at $211.68.

Trend forecast for today: Bullish 

Home Depot’s stock price (HD) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock positive momentum, amid the dominance of the main upward trend, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $440.97, provided the support of $401.76 holds on.

Trend forecast for today: Bullish