Docusign's stock advanced in the intraday levels, marking a profit of 2.89% in the last session, or 1.79 points, settling at 63.64, with trading volumes approaching 2 million shares, below 10-day averages of 3.2 million shares.
The upward correctional short-term trend dominates movements, with support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock's movements, forming a positive divergence.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 77.20, provided it settles above 55.95.
Expected trend for today: Bullish
AMD's stock rose in the intraday levels and marked a profit of 3.39% in the last session, or 2.82 points, settling at 85.95, with trading volumes approaching 156 million shares, above 10-day averages of 68.6 million shares.
The hedge fund founded by Steven Mandel and names Lone Pine has acquired 3.9 million shares in AMD stock according to latest filing.
Technically, the upward correctional trend dominates in the short term, while buoyed by piercing the main downward trend line in the medium term, with positive pressure from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 101.95, provided the support of 79.23 holds on.
Expected trend for today: Bullish
AirBNB's stock (ABNB) rose in the intraday levels after strong four-quarter profits, with KeyBanc analysts raising the price target to $144 from $142, noting that travel demand remains flexible, with the stock rallying 3.82% in the last session, or 4.45 points to 120.87, with trading volumes surpassing 17 million shares, above 10-day averages of 6.4 million shares.
Technically, the stock benefited from piercing the main downward medium-term trend line, while trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the important resistance of 125.50, provided the support of 108.17 holds on.
Expected trend for today: Bullish
Lockheed Martin's stock (LMT) fell in the intraday levels after the Sikorsky Aircraft unit got an $8 million revision for its US air force contract to remove test tools from an HH-60W plane so that it works to its full potential, with the revision raising the contract's value to $5.06 billion.
The stock marked a loss of 0.08% in the last session, or 39 cents, settling at 481.58, with trading volumes surpassing 875 thousand shares, below 10-day averages of 1.2 million shares.
Technically, the stock is collecting recent short-term profits, while venting off overbought saturation in the RSI, gathering momentum to rise anew, amid the dominance of the main upward trend in the medium and short terms, coupled with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 498.95, provided the support of 462.60 holds on.
Expected trend for today: Bullish