Walt Disney Company’s stock price (DIS) fell in latest intraday trading, while trading alongside the very steep secondary downward trend line in the short term, thus readying to breach the support of $83.90, while managing to vent off oversold saturation apparent in the Stochastic.
Therefore we expect more losses for the price, targeting the pivotal support of $78.75, provided the initial support of $83.90 is reliably breached.
Today’s price forecast: Bearish
CrowdStrike Holdings’ stock price (CRWD) edged higher in latest intraday trading, while trying to shake off negative pressure from the 50-day SMA, coupled with positive signals from the Stochastic, amid the dominance of the main upward trend in the short term as it trades alongside the trend line.
Therefore we expect more gains for the price in upcoming trading, provided the current resistance of $392.70 is reliably breached first, targeting the pivotal resistance of $455.60.
Today’s price forecast: Bullish
Rivian Automotive’s stock price (RIVN) surged in latest intraday trading after leaning on the upside trend line in the medium term, with positive signals streaming from the Stochastic after reaching oversold levels, as the price tries to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the price, targeting the important resistance of $13.20, provided the support of $10.60 holds on.
Today’s price forecast: Bullish
Illumina’s stock price (ILMN) edged higher in latest intraday trading as the price tries to recoup some recent losses, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, while the Stochastic reached overbought levels compared to the price’s movements.
Therefore we expect the price to return lower and target the first support at $67.50.
Today’s price forecast: Bearish