Electronic Arts (EA) advanced slightly in its latest intraday trading as the stock continues to move within a narrow sideways range on the short term, gathering the positive momentum that may help it resume a strong new bullish wave. This comes with ongoing dynamic support from trading above its previous 50-day SMA and under the dominance of the main short-term ascending trend, with the price moving alongside a supporting trendline. However, we also note that the RSI indicators have reached extremely overbought levels, which may limit the stock’s upcoming gains.

Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above $200.00, targeting the resistance level of $220.00.

Today’s price forecast: Bullish

Humana Inc. (HUM) rose in its latest intraday trading before colliding with the resistance of its previous 50-day SMA, which forced the stock into a downward pullback that trimmed its recent gains. This comes under the dominance of a strong short-term secondary ascending wave, accompanied by positive signals from the RSI indicators despite their stability in extremely overbought areas.

Therefore we expect the stock to rise in its upcoming trading, provided it remains above the support level of $240.00, targeting the pivotal resistance level of $298.00.

Today’s price forecast: Neutral

General Electric Company (GE) declined in its latest intraday trading under the dominance of a short-term corrective downward wave, with continued negative pressure from trading below its previous 50-day SMA. In addition, we note the early emergence of a negative crossover on the RSI indicators after the stock successfully relieved its oversold saturation, which increases the bearish pressure expected in the coming period.

Therefore we expect the stock to decline in its upcoming trading, especially as long as it remains below the resistance level of $291.50, targeting the support level of $263.80.

Today’s price forecast: Bearish

General Mills (GIS) declined in its latest intraday trading under the dominance of the main medium-term descending trend, with the price moving alongside a supporting trendline. Continued negative pressure persists from trading below its previous 50-day SMA, putting the stock in position to test and potentially break the pivotal support level of $45.80. However, we also note the early emergence of a positive crossover on the RSI indicators after they reached extremely oversold levels, which may limit the stock’s upcoming losses.

Therefore we expect the stock to decline in its upcoming trading, especially if it breaks the mentioned support at $45.80, targeting thereafter the next support level at $43.80.

Today’s price forecast: Bearish