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Citigroup collects profits - Analysis - 01-02-2024

Economies.com
2024-02-01 10:41AM UTC

Citigroup’s stock (C) fell in the intraday levels amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, as the stock tries to gather momentum to vent off overbought saturation in the RSI as negative signals come out of them.

 

Therefore we expect the stock to return higher, targeting the resistance of 61.00, provided it settles above 54.75. 

 

Expected trend for today: Likely Bullish 

Lyft gives in to negative pressure - Analysis - 01-02-2024

Economies.com
2024-02-01 10:41AM UTC

Lyft’s stock fell in the intraday levels, after touching the resistance of the 50-day SMA, with negative signals from the RSI after reaching overbought levels, amid the dominance of the downward correctional wave in the short term.

 

Therefore we expect more losses for the stock, targeting the support of 11.36, provided it settles below the resistance of 13.26. 

 

Expected trend for today: Bearish 

Lockheed Martin returns lower - Analysis - 01-02-2024

Economies.com
2024-02-01 10:41AM UTC

Lockheed Martin Corporation’s stock (LMT) returned lower in the intraday levels after venting off oversold saturation in the RSI with positive signals out of them, amid the dominance of the main downward trend in the medium term, with the stock hurt by piercing the upward correctional short-term trend line previously, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the first support at 423.40, provided the resistance of 439.70 holds on.

 

Expected trend for today: Bearish 

Midday update for the NZDUSD 01-02-2024

Economies.com
2024-02-01 09:24AM UTC

The NZDUSD pair resumes its negative trading to break 0.6110 level and settle below it, reinforcing the expectations of the bearish trend domination on the intraday basis, waiting to test 0.6070 initially, which breaking it represents the key to rally towards 0.6000 as a next negative station, reminding you that the continuation of the bearish wave depends on the price stability below 0.6140 level.

 

The expected trading range for today is between 0.6060 support and 0.6170 resistance

 

The expected trend for today: Bearish