CrowdStrike Holdings (CRWD) price advanced slightly in its latest intraday trading, while remaining under the control of a short-term corrective bearish wave and moving along a downward sloping trendline supporting this trajectory. The stock continues to face negative pressure from trading below its 50-day SMA, while its performance came after it managed to unload the oversold levels that were evident in the RSI. However, fresh negative signals have started to emerge again, intensifying the negative pressures surrounding the stock.
Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of $454.00 holds, targeting the support level of $393.00.
Today's price forecast: Bearish
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