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Dell pierces downward trend line - Analysis - 23-11-2022

Economies.com
2022-11-23 13:22PM UTC

Dell's stock advanced in the intraday levels after reporting quarterly results, with profits beating estimates, sending the stock up 6.77% in the last session, or 2.78 points, and settling at 43.85, with trading volumes surpassing 12.5 million shares, above 10-day averages of 4.2 million shares. 

 

Technically, the stock is benefiting from support as it trades above the 50-day SMA, piercing the downward short-term trend line, with positive signals from the RSI, managing to vent off overbought saturation.  

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 49.24, provided the initial resistance of 43.43 was pierced. 

 

Expected trend for today: Bullish

Best Buy spikes - Analysis - 23-11-2022

Economies.com
2022-11-23 13:23PM UTC

Best Buy's stock (BBY) surged in the intraday levels after third-quarter profits, earnings, and sales passed estimates, with the stock rallying 12.78% in the last session, or 9.05 points, settling at 79.88, with trading volumes surpassing 17.5 million shares, above 10-day averages of 4.4 million shares. 

 

Technically, the stock found support after leaning on the 50-day SMA support, while piercing the downward short-term trend line, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 85.58, provided the support of 72.18 holds on.

 

Expected trend for today: Bullish

Dick's Sporting rallies - Analysis - 23-11-2022

Economies.com
2022-11-23 13:22PM UTC

Dick's Sporting Goods's stock (DKS) rose in the intraday levels after declining initially before regaining ground, following the release of its third quarter results, which beat estimates, with the stock spiking 10.12% in the last session, or 10.82 points, and settling at 117.76, with trading volumes surpassing 6.4 million shares, above 10-day averages of 2.7 million shares. 

 

Technically, the stock managed to shake off negative pressure from the 50-day SMA, amid the dominance of the upward correctional short-term trend, with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 133.27, provided the resistance of 119.80 was reliably breached. 

 

Expected trend for today: Bullish

Midday update for Brent oil 23-11-2022

Economies.com
2022-11-23 10:42AM UTC

Brent oil price faces negative pressure now to test 88.00 barrier, and as long as the price is above 86.10, our bullish overview will remain for today, supported by stochastic head towards the oversold areas, waiting to breach 89.60 to ease the mission of achieving our positive targets that start at 91.35 and extend to 93.73.

 

The expected trading range for today is between 87.00 support and 90.50 resistance.

 

The expected trend for today: Bullish