Cisco Systems, Inc. (CSCO) stock price recorded gains in its latest intraday trading, supported by continued trading above its SMA50, which provides dynamic support and reinforces the stability and dominance of the main medium-term upward trend, with price action moving along a supportive trend line. However, negative signals are beginning to appear on the RSI after reaching overbought territory, which may limit part of the upcoming gains.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains above the $80.00 support level, to target the first resistance at $85.75.

Today’s price forecast: Bullish

Super Micro Computer, Inc. (SMCI) stock price recorded a decline in its latest intraday trading after the stock ran into resistance at its SMA50. This comes under the dominance of the main short-term downtrend, after the stock attempted to unwind its oversold conditions on the RSI, but selling pressure appears stronger than the recent recovery attempt.

Therefore we expect the stock price to decline in upcoming trading, as long as the $35.85 resistance level remains intact, to target the key support at $27.60.

Today’s price forecast: Bearish

Wells Fargo & Company (WFC) stock price recorded a pullback in its latest intraday trading, as the stock attempts to take profits from its previous gains while seeking to rebuild positive momentum for another advance. The RSI has started to show a negative crossover after reaching overbought levels, while the price is currently leaning on support from its SMA50. The broader setup remains under the dominance of the main medium-term upward trend, with price action moving along a supportive trend line.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains above the $90.75 level, to target the key resistance at $97.75.

Today’s price forecast: Bullish

Arista Networks, Inc. (ANET) stock price recorded continued losses in its latest intraday trading, with negative signals coming from the RSI after it had previously reached extremely overbought levels. The stock has now moved below its SMA50, increasing downside pressure, under the dominance of a short-term corrective downtrend.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $136.80 resistance level, to target the key support at $121.00.

Today’s price forecast: Bearish