Charter Communications, Inc. (CHTR) stock deepened its losses during its latest intraday trading, under continued negative pressure from trading below the 50-day SMA. The latest decline confirms a break below a short-term minor ascending trendline, adding to the bearish outlook—especially with negative signals continuing to appear on the Stochastic, despite the indicator reaching extremely oversold levels.
Based on this, we expect the stock to decline in upcoming trading as long as it remains below the $399.50 resistance level, targeting the key support at $370.55.
Today’s price forecast: Bearish
Verizon Communications (VZ) stock declined in its latest intraday trading, under continued negative pressure from trading below the 50-day SMA and within the context of a short-term descending correction trend. The stock is moving along a downward slope and is now preparing to break the key support level of $40.90, especially with ongoing negative signals from the Stochastic, despite it reaching deeply oversold territory.
Therefore we expect the stock to decline in upcoming trading, particularly if it breaks below the $40.90 support level, targeting the next support at $39.65.
Today’s price forecast: Bearish
Mattel (MAT) stock advanced slightly in its latest intraday trading, while remaining under pressure after breaking a short-term ascending correction trendline. The stock continues to trade below the 50-day SMA, with additional negative pressure from Stochastic signals, despite the indicator reaching deeply oversold levels.
Therefore we expect the stock to decline in upcoming trading as long as it remains below the $20.30 level, targeting the support level of $18.60.
Today’s price forecast: Bearish
International Seaways, Inc. (INSW) stock rose slightly in its latest intraday trading, under negative pressure from trading below the 50-day SMA. Negative signals continue to appear on the Stochastic after entering overbought territory, with the stock now relying on support from a short-term ascending correction trendline — a last chance to gain the positive momentum needed for recovery.
Therefore we expect the stock to rise in upcoming trading, provided the support level of $36.00 holds, targeting the key resistance level of $41.00.
Today’s price forecast: Bullish