Dell Technologies’ stock price (DELL) fell in the intraday levels after testing the downward correctional trend line in the short term, while bumping into the resistance of the 50-day SMA, exposing the stock to increasing pressure, with negative signals coming out of the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence. 

Therefore we expect more losses for the stock, targeting the support of $94.66, provided the resistance of $115.70 holds on.

Trend forecast: Bearish 

Enphase Energy’s stock price (ENPH) fell in the intraday levels, amid the dominance of the upward correctional trend in the medium term, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, with negative signals coming out of it, with the stock finally leaning on the support of the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $138.20, provided the support of $104.00 holds on.

Trend forecast: Likely Bullish 

Ulta Beauty’s stock price (ULTA) rose in the intraday levels, amid the dominance of the main downward trend in the medium term, while trading alongside the trend line, with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence, with negative pressure due to trading below the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $318.30, provided the resistance of $375.30 holds on.

Trend forecast: Likely Bearish 

Foot Locker’s stock price (FL) fell in the intraday levels, with negative signals from the RSI, while reaching oversold levels compared to the stock’s movements. The stock is trying to gather positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $35.60, provided the support of $26.90 holds on.

Trend forecast: Likely Bullish