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eBay suffers from negative pressures - Analysis - 16-03-2023

Economies.com
2023-03-16 12:59PM UTC

eBay's stock (EBAY) fell in the intraday levels, while hurt by piercing the upward correctional trend line in the short  term, with negative signals from the RSI despite settling at oversold saturation levels, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 39.48, provided the resistance of 42.92 holds on.

 

Expected trend for today: Bearish

Costco tries to shake off negative pressure - Analysis - 16-03-2023

Economies.com
2023-03-16 13:01PM UTC

Costco Wholesale Corporation's stock (COST) kept rising in the intraday levels, marking a fresh profit of 0.78% in the last session, or 3.74 points, and settling at 485.66, amid positive signals from the RSI, and amid the dominance of the upward trend in the medium term,  while shaking off negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the resistance of 530.00, provided the support of 466.80 holds on.

 

Expected trend for today: Bullish

Eli Lilley rises amid negative signals - Analysis - 16-03-2023

Economies.com
2023-03-16 13:00PM UTC

Eli Lilly and Company's stock (LLY) rose in the intraday levels, while recouping some losses while hurt by piercing the main upward trend line previously, amid the dominance of the downward correctional short-term wave, with negative signals from the RSI, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of 299.75, provided the resistance of 340.75 holds on.

 

Expected trend for today: Bearish

BioNTech emits more signals of weakness - Analysis - 16-03-2023

Economies.com
2023-03-16 13:00PM UTC

BioNTech SE's stock (BNTX) declined in the intraday levels, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements, hinting at negative divergence. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 118.30, provided the resistance of 138.30 holds on.

 

Expected trend for today: Bearish