Clorox Company’s stock (CLX) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium term, while trading alongside the secondary short-term trend line, with negative pressure from the 50-day SMA, while the stock did manage to vent off oversold saturation in the RSI.
Therefore we expect the stock to decline and target the first support at $126.56, provided the resistance of $138.75 holds on.
Forecast today: Bearish
American International Group’s stock price (AIG) inched down in the intraday levels, after the pivotal and stubborn resistance of $78.95 held on, as the stock gathers positive momentum to help it pierce that resistance, amid the dominance of the main upward trend in the medium term as it trades alongside the secondary short–term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the resistance of $83.60, provided the pivotal resistance of $78.95 is breached.
Forecast today: Likely Bullish
PVH Corp’s stock price (PVH) extended its gains in the intraday levels after shaking off negative pressure from the 50-day SMA, with positive signals from the RSI after reaching overbought levels, amid the dominance of the main upward trend in the short term.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $139.60, provided the support of $113.87 holds on.
Forecast today: Bullish
American Express Company’s stock (AXP) fell in the intraday levels amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, as the stock tries to gather positive momentum to help it rise anew.
Therefore we expect the stock to return higher, targeting the resistance of $250.00, provided it settles above $231.70.
Forecast today: Likely Bullish