Dollar General Corporation’s stock (DG) returned lower in the intraday levels, after the resistance of $139.80, amid the dominance of the downward correctional trend, while hurt by piercing the upward correctional trend line previously in the short term, with negative pressure from the 50-day SMA, after managing to vent off oversold saturation in the RSI.
Therefore we expect more losses for the stock, targeting the support of $128.75, provided it settles below $139.80.
Trend forecast: Bearish
Gilead Sciences’ stock price (GILD) fell in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, with negative signals from 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 $63.50, provided the resistance of $68.50 holds on.
Trend forecast: Bearish
Paramount Global’s stock price (PARA) fell in the intraday levels after the resistance of $13.80, with negative signals from the RSI after reaching overbought levels, while gathering positive momentum to rise anew, as it vents off overbought saturation in the RSI, amid the dominance of the upward correctional wave in the short term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of $17.20, provided the initial resistance of $13.80 is reliably breached.
Trend forecast: Likely Bullish
Lululemon Athletica’s stock price (LULU) fell in the intraday levels, amid the dominance of the downward trend in the short term, with negative pressure from the 50-day sMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the pivotal support of $327.00, provided the resistance of $359.80 holds on.
Trend forecast: Bearish