Deere & Company (DE) stock price recorded a decline in its latest intraday trading, influenced by breaking below the range of a short-term upward sub price channel that had previously contained its movements. This comes amid continued negative and dynamic pressure from trading below its SMA50, in addition to incoming negative signals from the RSI, despite the indicator reaching extremely oversold levels, which further amplifies the surrounding negative pressure on the stock.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $476.50 resistance level, to target the key support at $433.00.

Today’s price forecast: Bearish

Nike, Inc. (NKE) stock price recorded gains in its latest intraday trading, driven by incoming positive signals from the RSI after it had previously reached extremely oversold levels. With this recent rise, the stock has retested the pivotal resistance level at $65.40, coinciding with its contact with the resistance of its SMA50, all while the main short-term downward trend remains dominant.

Therefore we expect the stock price to decline in upcoming trading, as long as the $65.40 resistance level remains intact, to target the $60.30 support level.

Today’s price forecast: Bearish

Baidu, Inc. (BIDU) stock price recorded a slight pullback in its latest intraday trading, following the stabilization of the key resistance level at $149.50, prompting the stock to take profits from its previous gains while attempting to build positive momentum that could help it break above this resistance later on. At the same time, the stock is trying to unwind part of its clear overbought conditions on the RSI, especially with the beginning of a negative crossover, despite the continuation of dynamic support from trading above its SMA50 and under the control of a short-term upward sub-wave.

Therefore we expect the stock price to rise in upcoming trading, but only if it first succeeds in breaking above the $149.50 resistance level, to target the next resistance at $160.80.

Today’s price forecast: Bullish

Monster Beverage Corporation (MNST) stock price recorded a decline in its latest intraday trading, amid incoming negative signals from the RSI after it had previously reached extremely overbought levels. Through this pullback, the stock is attempting to search for a rising bottom that could form a base to help it regain the positive momentum needed to resume its recovery, while dynamic support remains intact from trading above its SMA50, reinforcing the stability and dominance of the main medium-term upward trend, especially as price action continues to move along a supportive trend line.

Therefore we expect the stock price to rise in upcoming trading, as long as the $73.90 support level holds, to target the $78.30 resistance level.

Today’s price forecast: Bullish