Dollar Tree, Inc.’s stock price (DLTR) declined in latest intraday trading, as the stock takes profits from recent gains and attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This dip brought the price down to the support of the 50-day SMA, which may help it gather positive momentum for a potential rebound. The short-term outlook remains bullish, with the stock trading alongside a rising trend line.
Therefore we expect the stock to rise in upcoming trading, as long as the support of $101.85 holds on, targeting the first resistance level at $112.65.
Today’s price forecast: Bullish
Coca-Cola Company’s stock price (KO) declined in latest intraday trading, under continued negative pressure from trading below the 50-day SMA and within the grip of a short-term downward correctional trend. This comes alongside negative signals streaming from the Stochastic, despite it being in oversold territory.
Therefore we expect the stock to decline further in upcoming trading, as long as the resistance of $71.35 holds on, targeting the pivotal support level of $68.40.
Today’s price forecast: Bearish
Marriott International’s stock price (MAR) slipped lower in latest intraday trading, as the stock takes profits from recent gains and attempts to vent off its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. With this decline, the stock has broken below the 50-day SMA, exposing it to some short-term downside pressure. However, the overall trend remains a short-term upward correctional wave, with the price still trading alongside a rising trend line.
Therefore we expect the stock to rise in upcoming trading, provided the support level of $269.30 holds on, targeting the resistance level of $291.50.
Today’s price forecast: Bullish
Roblox Corporation’s stock price (RBLX) extended its gains in latest intraday trading, under full control of the main upward trend in the short term and trading alongside a rising trend line. The stock continues to benefit from dynamic support due to trading above the 50-day SMA. Additionally, we notice positive signals starting to stream from the Stochastic, after it previously reached extremely oversold levels.
Therefore we expect the stock to continue rising in upcoming trading, as long as the support of $100.00 holds on, targeting the resistance level of $120.00.
Today’s price forecast: Bullish