Cisco Systems, Inc. (CISCO) stock price advanced in its latest intraday trading, rebounding after stabilizing at the important support level of $66.50, which provided positive momentum that helped the stock recover part of its previous losses. At the same time, the stock is attempting to ease its apparent oversold conditions reflected on the RSI indicators, especially with the beginning of a positive crossover signal. However, the stock remains under negative pressure after previously breaking a short-term upward trend line and continuing to trade below its 50-day SMA.
Therefore, we expect the stock to decline in upcoming trading, especially if it breaks below the $66.50 support level, targeting the next support at $62.70.
Today's price forecast: Bearish
Super Micro Computer, Inc (SMCI) stock price declined in its latest intraday trading, after previously breaking out of an upward short-term price channel that had been limiting its movements. The stock continues to face negative pressure from trading below its 50-day SMA, in addition to the emergence of negative signals in the relative strength indicators, despite stabilizing in extremely oversold areas.
Therefore, we expect the stock price to decline in its upcoming trading, as long as it remains below the $47.80 level, targeting the $37.40 support level.
Today's price forecast: Bearish
Wells Fargo & Company (WFC) stock price rose in its latest intraday trading, driven by the emergence of positive signals in the relative strength indicators, attempting to recover some of its previous losses. This comes while being affected by the earlier break of a short-term upward trendline, with continued negative pressure from trading below its 50-day SMA, which doubles the surrounding negative pressure on the stock.
Therefore, we expect the stock price to decline in its upcoming trading, as long as it remains stable below the $79.75 level, targeting the $72.00 support level.
Today's price forecast: Bearish
Arista Networks (ANET) price declined in its latest intraday trading, amid negative signals from the Relative Strength Index, as the stock attempts to gain positive momentum that could help it break through the key resistance level of $133.55. The stock remains supported by dynamic stability from trading above its 50-day SMA, while the main short-term uptrend is still in control, with price action moving alongside a minor ascending trendline that supports this path.
Therefore, we expect the stock to rise in its upcoming trading, provided it first breaks through the mentioned resistance of $133.55, to then target the next resistance level at $153.70.
Today's price forecast: Bullish