The price of D-Wave Quantum Inc. (QBTS) inched slightly higher in its latest intraday trading, as the stock attempts to recover part of its previous losses. At the same time, it is trying to unwind some of the clear oversold conditions shown by RSI indicators. However, a steep short-term corrective downtrend continues to dominate, with persistent negative pressure coming from trading below the 50-day simple moving average, reducing the stock’s chances of a sustained recovery in the near term.
Therefore, we expect the stock to decline in the upcoming sessions, as long as it remains below the resistance level of $26.40, targeting the first support at $20.50.
Today’s price forecast: Bearish
The price of American Airlines Group, Inc. (AAL) slipped slightly in its latest intraday trading, accompanied by negative signals from the RSI indicators. The stock is attempting to gather positive momentum that may help it recover and rise again, supported by continued trading above its 50-day simple moving average. This maintains the dominance of the short-term corrective uptrend, especially with price action moving along a supportive trendline.
Therefore, we expect the stock to rise in the coming sessions, as long as support at $12.16 holds, targeting the key resistance level at $14.00.
Today’s price forecast: Bullish
MongoDB, Inc. (MDB) inched higher in its latest intraday trading after previously pulling back from the key resistance at $370.00 — the same level we had identified as a price target in earlier analyses. The stock found support at its 50-day simple moving average, which provided enough positive momentum to turn early-session losses into slight gains by the end of trading. It now appears ready to retest that resistance level, supported by the continued dominance of the short-term main uptrend.
Therefore, we expect the stock price to rise in the coming sessions, especially if it breaks above the $370.00 resistance level, targeting the next resistance at $432.00.
Today’s price forecast: Bullish
Apple (AAPL) dipped slightly in its latest intraday trading, with negative signals appearing on the RSI indicators as the stock attempts to gather positive momentum to recover and resume its gains. This comes while it continues to benefit from the positive support of trading above its 50-day simple moving average, reinforcing the dominance and stability of the main short-term uptrend, especially with its movement along primary and secondary upward trendlines.
Therefore, we expect the stock price to rise in the coming sessions, as long as the support level of $260.00 remains intact, targeting the first resistance level at $285.00.
Today’s price forecast: Bullish