Electronic Arts (EA) stock price advanced in its latest intraday trading, after successfully holding above the key support level of $168.50, which gave the stock fresh positive momentum. This came as the RSI managed to relieve its overbought pressures, while the short-term main uptrend remains dominant, supported by trading along a rising trend line. Additional strength was provided by the stock’s position above its 50-day SMA.
Therefore, we expect the stock price to rise in the upcoming sessions, especially as long as it remains above $168.50, targeting the resistance level of $182.90.
Today’s price forecast: Bullish
Humana Inc. (HUM) stock price edged slightly higher in its latest intraday trading, supported by the dynamic backing of trading above its 50-day SMA. The stock had earlier been boosted by breaking a major short-term downtrend line. However, gains were capped as the RSI started showing a bearish crossover after reaching overbought levels, signaling potential short-term pressure.
Therefore, we expect the stock price to rise in its upcoming trading, as long as it remains above $270.30, targeting the nearby key resistance of $298.00 in preparation to test it.
Today’s price forecast: Bullish
General Electric (GE) stock price declined in its latest intraday trading, as the stock attempts to establish a higher bottom that could serve as a base to regain the needed positive momentum for recovery and a fresh upward move. The dynamic support of trading above the 50-day SMA continues to hold, while the main short-term trend remains bullish. In addition, a positive divergence is beginning to form in the RSI, which recently fell into extremely oversold levels, with signs of a bullish crossover now emerging.
Therefore, we expect the stock price to rise in its upcoming trading, as long as support holds at $257.45, targeting the resistance level of $281.50.
Today’s price forecast: Bullish
General Mills (GIS) stock price inched higher in its latest intraday trading, as the stock attempts to recover part of its earlier losses, while the overall downtrend continues to dominate both the medium- and short-term outlook. Ongoing negative pressure remains as the stock trades below its 50-day SMA, in addition to the emergence of a bearish crossover in the RSI after reaching strongly overbought levels.
Therefore, we expect the stock price to decline in its upcoming trading, as long as resistance remains capped at $51.70, targeting the support level at $57.55.
Today’s price forecast: Bearish