Etsy Inc. (ETSY) strengthened its gains in recent intraday trading, managing to surpass resistance at its 50-day SMA, removing prior negative pressure and opening the way for further upside. The short-term corrective uptrend remains intact with trading near a supportive trend line. However, RSI shows a negative crossover after reaching overbought levels, which may limit additional gains.
Therefore, we expect the stock to rise in its upcoming sessions, as long as support at 55.95 holds, targeting the resistance level of 65.00.
Today’s price forecast: Bullish.
Dollar General Corporation (DG) inched higher in its latest intraday trading, attempting to recover part of its previous losses while also trying to ease its clear oversold conditions on the RSI, with some positive signals starting to appear. However, the stock remains pressured after breaking a short-term corrective ascending trend line earlier, and continues to trade below its 50-day SMA.
Therefore, we expect the stock to decline in its upcoming sessions, especially if it confirms breaking the key support level of 106.00, targeting the next support at 96.00.
Today’s price forecast: Bearish.
Domino's Pizza Inc. (DPZ) extended its decline in recent intraday trading, pressured by the breakdown of a main short-term ascending trend line. Additional negative pressure comes from trading below its 50-day SMA, alongside bearish signals on the RSI, despite it reaching oversold levels.
Therefore, we expect the stock to fall in its upcoming sessions, as long as resistance at 458.30 holds, targeting the support level of 419.10.
Today’s price forecast: Bearish.
Gilead Sciences, Inc. (GILD) rose slightly in its latest intraday trading, attempting to recover part of its previous losses. However, the stock remains pressured after breaking out of a short-term ascending channel, with continued negative pressure from trading below its 50-day SMA, alongside bearish signals on the RSI.
Therefore, we expect the stock to decline in its upcoming sessions, as long as resistance at 115.80 holds, targeting the support level of 104.50.
Today’s price forecast: Bearish.