Dick's Sporting price exposed to a free fall - Forecast today - 23-05-2024

Economies.com
2024-05-23 11:12AM UTC

Dick’s Sporting Goods’ stock price (DKS) kept falling in the intraday levels, confirming the breach of the important support of $192.23, and after previously piercing the main upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more losses for the stock, targeting the support of $165.75, provided it settles below $192.23. 

 

Trend forecast: Bearish 

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