Domino’s Pizza’s stock price (DPZ) fell in latest intraday trading, amid negative pressure due to trading below the 50-day SMA, with negative signals from the Stochastic despite reaching oversold levels, ending hopes of a correctional rise that dominated the stock in the short term.
Therefore we expect more losses for the price, provided it settles below $470.00, targeting the first support at $449.00.
Today’s price forecast: Bearish
Gilead Sciences’ stock price (GILD) rose in latest intraday trading after leaning on the support of the 50-day SMA, lending the stock some positive support, amid the dominance of the main upward medium-term trend line as the price trades alongside the trend line, while managing to vent off overbought saturation in the Stochastic.
Therefore we expect the price to rise and target the first resistance at $114.75, provided the support of $104.90 holds on.
Today’s price forecast: Bullish
Paramount Global’s stock price (PARA) rose in latest intraday trading, amid the dominance of the upward short-term trend, with ongoing positive pressure due to trading above the 50-day SMA, while the stock managed to vent off overbought saturation in the Stochastic, granting the price room to achieve more gains.
Therefore we expect the price to rise and target the resistance of $12.55, provided the support of $11.60 holds on.
Today’s price forecast: Bullish
Lululemon Athletica’s stock price (LULU) rose in latest intraday trading, amid the dominance of the upward correctional trend in the short term, with ongoing positive pressure due to trading above the 50-day SMA, while the Stochastic reached oversold levels compared to the price’s movements, granting the price more positive momentum.
Therefore we expect the stock to rise and target the first resistance at $351.40, provided the support of $304.80 holds on.
Today’s price forecast: Bullish