Enphase Energy, Inc.’s stock price (ENPH) inched higher in latest intraday trading, as it attempts to correct the main downward trend while moving alongside a short-term rising trend line, with the price touching the resistance of the 50-day SMA. This comes alongside negative signals streaming from the Stochastic after reaching overbought levels, adding further negative pressure on upcoming movements.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $51.63 holds on, targeting the support level of $31.30.

Today’s price forecast: Bearish

General Motors Company’s stock price (GM) jumped higher in latest intraday trading, amid the dominance of the upward correctional trend in the short term and trading alongside a rising trend line, supported by positive signals from the Stochastic despite reaching strongly overbought levels, and benefiting from dynamic support due to trading above the 50-day SMA — which reinforces the stock’s stable positive path.

Therefore we expect the stock to rise in upcoming trading, as long as the support of $47.63 holds on, targeting the pivotal resistance of $54.85.

Today’s price forecast: Bullish

BlackRock, Inc.’s stock price (BLK) continued rising in latest intraday trading, while moving alongside a sharply inclined short-term upward trend line, reflecting strong positive momentum surrounding the stock, with ongoing positive pressure from trading above the 50-day SMA. However, in contrast, we notice negative signals streaming from the Stochastic after reaching strongly overbought levels, which may cap upcoming gains.

Therefore we expect the stock to rise in upcoming trading, targeting the nearby pivotal resistance of $1,082.45.

Today’s price forecast: Bullish

Alphabet Inc.’s stock price (GOOG) edged slightly lower in latest intraday trading, while moving within the range of an upward correctional price channel that has confined recent short-term trades, supported by positive signals from the RSI after previously reaching strongly oversold levels, with ongoing positive pressure due to trading above the 50-day simple moving average, as the stock tries through this dip to gather positive momentum that may help it recover and rise anew.

Therefore we expect the stock to rise in upcoming trading, targeting the pivotal resistance of $182.45 in preparation to attack it.

Today’s price forecast: Bullish