Comcast Corporation’s stock price (CMCSA) fell in the intraday levels, after the current resistance of $42.00, while gathering positive momentum to pierce that resistance, while also venting off overbought saturation in the RSI, amid the dominance of the upward correctional trend in the short term, with positive pressure due to trading above the 50-day SMA.
Therefore we expect the stock to return higher, provided the resistance of $42.00 was pierced, thus targeting the next one at $43.70.
Moderna’s stock price (MRNA) kept falling in the intraday levels, while hurt by piercing the pivotal support of $62.55 previously, amid the dominance of the main downward trend in the short term, with negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, provided it settles below the resistance of $62.55, thus targeting the support of $33.60.
Honeywell International INC’s stock price (HON) rallied in the intraday levels and pierced the pivotal resistance of $220.60, amid the dominance of the main upward medium-term trend, with positive pressure from trading above the 50-day SMA.
Therefore we expect more gains for the stock, provided the resistance of $220.60 was reliably breached, thus targeting the next one at $227.60.
Apple’s stock price (AAPL) rose in the intraday levels and tackled the pivotal resistance of $237.23 an ounce, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI, while the stock trades alongside the main upward short-term trend line.
Therefore we expect more gains for the stock, provided the resistance of $237.23 was reliably breached, thus targeting the next one at $248.30.
Trend forecast: Likely Bullish