Cisco Systems’ stock price (CSCO) rose in the intraday levels while recouping some recent losses, amid negative pressure from the 50-day SMA, and with the dominance of the downward short-term trend alongside the trend line, with negative signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return lower, targeting the important support of $46.66 and preparing to break it.

Trend forecast: Likely Bearish 

Shopify’s stock price (SHOP) advanced a little in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI despite reaching oversold levels, and with ongoing negative pressure from the50-day SMA.

Therefore we expect the stock to return lower, especially if it manages to break the neck of the Head and Shoulders negative pattern that’s currently forming in the short term as shown in the attached chart, thereafter targeting the first important support at $70.60. 

Trend forecast: Bearish 

Deere & Company’s stock price (DE) rose in the intraday levels, amid positive support from the 50-day SMA, and with the dominance of the upward correctional trend in the short term, while buoyed recently by piercing the downward trend line, with positive signals from the RSI after venting off overbought saturation. 

Therefore we expect more gains for the stock, targeting the first resistance at $423.35, provided it settles above $403.35. 

Trend forecast: Bullish 

Gamestop Corporation’s stock price (GME) returned lower in the intraday levels and confirmed the breach of the pivotal support of $11.90, amid the dominance of the main downward trend in the medium term, with negative pressure because of trading below the 50-day SMA, combined with negative signals from the RSI despite reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of $9.00, provided the stock settles firmly below $11.90. 

Trend forecast: Bearish