Dow Inc. (DOW) stock price recorded further gains in its latest intraday trading, amid the dominance of a corrective upward trend and price action moving along a short-term supportive minor trend line. This comes alongside continued dynamic support from trading above its SMA50, while positive signals continue to emerge from the RSI after the price managed to unwind part of its overbought conditions.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains stable above the $23.30 support level, to target the key resistance at $26.00.

Today’s price forecast: Bullish

Lennar Corporation (LEN) stock price recorded gains in its latest intraday trading, following the stabilization of the key support level at $102.80, which provided the stock with some positive momentum that helped it achieve these gains in an attempt to recoup part of its previous losses. This comes despite the dominance of the main short-term downward trend, alongside continued negative pressure from trading below its SMA50. In addition, negative crossover signals have started to emerge from the RSI after reaching extremely overbought levels in an exaggerated manner compared to the stock’s price action, suggesting the beginning of a negative divergence formation.

Therefore we expect the stock price to decline in upcoming intraday trading, especially if it breaks below the $102.80 support level, to target the next support at $97.00.

Today’s price forecast: Bearish

Advanced Micro Devices Inc. (AMD) stock price recorded further gains in its latest intraday trading, supported by its continued trading above its SMA50, which represents dynamic support enhancing the chances of extending gains in the short term. The stock is currently testing the key resistance level at $224.65, amid the dominance of the main upward trend and price action moving along a supportive minor trend line, while positive crossover signals have begun to appear from the RSI after the stock managed to unwind its overbought conditions, giving it more room to achieve additional gains in the coming period.

Therefore we expect the stock price to rise in upcoming trading, especially if it succeeds in breaking above the $224.65 resistance level, to target the next resistance at $241.95.

Today’s price forecast: Bullish

ConocoPhillips (COP) stock price recorded sharp gains in its latest intraday trading, as at the time of writing the stock rose by $5.60 in pre-market trading to settle at $102.40. This move confirms a breakout above the key resistance level at $99.65, which had been our price target in previous analyses, amid continued dynamic support from trading above its SMA50 and under the control of the main short-term upward trend, with prices moving along a supportive trend line.

Therefore we expect the stock price to continue rising in upcoming trading, especially if the breakout above the $99.65 resistance level is confirmed, to target the next resistance at $108.00.

Today’s price forecast: Bullish