Deere & Company’s stock price (DE) rose in the intraday levels, amid positive support from the 50-day SMA, and with the dominance of the upward correctional trend in the short term, while buoyed recently by piercing the downward trend line, with positive signals from the RSI after venting off overbought saturation. 

Therefore we expect more gains for the stock, targeting the first resistance at $423.35, provided it settles above $403.35. 

Trend forecast: Bullish 

Gamestop Corporation’s stock price (GME) returned lower in the intraday levels and confirmed the breach of the pivotal support of $11.90, amid the dominance of the main downward trend in the medium term, with negative pressure because of trading below the 50-day SMA, combined with negative signals from the RSI despite reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of $9.00, provided the stock settles firmly below $11.90. 

Trend forecast: Bearish 

Nike’s stock price (NKE) declined in the intraday levels amid the dominance of the main downward trend in the medium term, while trading alongside the secondary trend line in the short term.

The stock is facing negative pressure by trading below the 50-day SMA, with negative signals from the RSI despite reaching oversold levels, as the stock thus prepares to pierce the pivotal support of $88.66. 

Therefore we expect more losses for the stock, especially if the support of $88.66 was firmly breached, thus targeting the next one at $79.25. 

Trend forecast: Bearish