Cisco Systems, Inc (CISCO) stock jumped in its latest intraday trading, erasing the losses of its previous session and stabilizing once again above the 50-day SMA. This renewed positive momentum supports the continuation of the main short-term bullish trend. The rise came after the stock successfully corrected its overbought levels on the relative strength indicators, giving it more room to achieve additional gains in the near term.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 65.75$ holds, targeting the key resistance level of 72.55$.

Today’s stock forecast: Bullish.

Super Micro Computer, Inc (SMCI) stock declined in its latest intraday trading amid the emergence of negative signals from the relative strength indicators after reaching extremely overbought levels. The stock is attempting to gain positive momentum that may help it recover and rise again, supported by ongoing positive pressure from trading above the previous 50-day SMA and under the dominance of the main upward trend, with trading along a short-term ascending line that reinforces this path.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 48.50$ holds, targeting the key resistance level of 62.35$.

Today’s stock forecast: Bullish.

Wells Fargo & Company (WFC) stock jumped higher in its latest intraday trading, accompanied by a noticeable increase in trading volumes. The move allowed the stock to overcome the negative pressure of the previous 50-day SMA, while the main medium-term trend remains bullish, supported by trading along an upward sloping line on the short-term chart. In addition, we notice the start of positive signals appearing from the relative strength indicators after reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as it remains above the pivotal support level of 81.58$, targeting the resistance level of 95.80$.

Today’s stock forecast: Bullish.

Arista Networks (ANET) stock slipped lower in its latest intraday trading after confirming resistance at 153.70$, breaking below the 50-day SMA support level in the process. This exposes the stock to increasing negative pressure, further reinforced by the appearance of bearish signals from the relative strength indicators after reaching extremely overbought levels, accompanied by a noticeable rise in trading volumes.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of 153.70$ holds, targeting the support level of 127.60$.

Today’s stock forecast: Bearish.