Enphase Energy's stock (ENPH) fell in the intraday levels amid the dominance of the downward correctional short-term trend, with negative signals from the RSI, marking a loss of 2.33% in the last session, or 4 points, and settling at 167.99, while trading below the 50-day SMA, suffering its negative pressure.
Therefore we expect more losses for the stock, targeting the pivotal support of 152.15, provided the resistance of 181.55 holds on.
Expected trend for today: Bearish
Activision Blizzard's stock (ATVI) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in t he RSI, with negative signals out of them, marking a loss of 1.16% in the last session, or 95 cents, and settling at 80.94, while trading alongside the upward short-trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 87.00, provided it settles above 80.28.
Expected trend for today: Bullish
Visa's stock (V) rose in the intraday levels while marking a profit of 0.34% in the last volatile session, or 78 cents, and settling at 227.25, amid the dominance of the upward short-term trend, while shaking off negative pressure from the 50-day SMA, however it faces overbought saturation in the RSI.
Therefore we expect the stock to rise and target the pivotal resistance of 234.30, provided the support of 217.60 holds on.
Expected trend for today: Bullish
Oracle Corporation's stock (ORCL) rose in the intraday levels, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, marking a modest profit of 0.05% in the last session, or 6 cents, and settling at 122.10, after shaking off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 134.60, provided the support of 114.34 holds on.
Expected trend for today: Bullish