Eli Lilly's stock price inched higher in latest intraday trading after the pivotal support of $725.00 held on, lending the price positive momentum which helped it recoup some recent losses
The price is weighed down by breaching the main upward trend line in the medium term with negative signals emerging from the Stochastic despite reaching oversold levels, bolstering the downward scenario.
Therefore we expect the price to return lower in upcoming trading, especially if the support of $725.00 is breached, targeting the next one at $647.70.
Today’s price forecast: Bearish
Walmart's stock price fell in latest intraday trading amid the dominance of the downward correctional trend as the price trades alongside the trend line, with ongoing negative pressure due to trading below the 50-candle SMA, coupled with negative signals from the Stochastic, with the price thus breaching the important support of $83.90.
Therefore we expect more losses for the price in upcoming trading, targeting the first support at $77.50, provided it settles below $83.90.
Today’s price forecast: Bearish
JPMorgan Chase's stock price rose in the intraday levels in an attempt to recoup some recent losses, while leaning on the support of the descending correctional that limited recent short term trading, with ongoing negative pressure due to trading below the 50-candle SMA, coupled with negative signals from the Stochastic.
Therefore we expect the price to return lower in upcoming trading and target the important support of $204.30 once more, provided the resistance of $229.50 holds on.
Today’s price forecast: Bearish
Visa stock price engaged in highly volatile trading in the intraday levels with negative signals streaming out of the Stochastic, thus confirming the breach of the main upward trend line in the short term, doubling negative pressure on upcoming trading.
Therefore we expect the price to fall and target the important support of $290.95, provided it settles below $321.65.
Today’s price forecast: Bearish