ExxonMobil’s stock price (XOM) kept rising in latest intraday trading, buoyed by positive signals from the Stochastic despite reaching overbought levels, while benefiting from positive momentum after shaking off negative pressure from the 50-day SMA, with the dominance of the upward correctional wave in the short term.
Therefore we expect more gains for the price, provided the resistance of $110.59 is breached, targeting the next one at $115.45.
Today’s price forecast: Bullish
Mastercard’s stock price (MA) inched higher in a volatile session, settling above the pivotal support of $576.95, amid the dominance of the main upward trend, while moving within a strong wave in the short term, buoyed by trading above the 50-day SMA, with positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect more gains for the price, provided it settles above $576.95, targeting the next resistance at $613.90.
Today’s price forecast: Bullish
UnitedHealth Group’s stock price (UNH) edged higher in latest intraday trading, while trying to recoup some recent losses, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements, hinting at negative divergence.
Therefore we expect the price to decline and target the support of $249.00, provided the resistance of $342.00 holds on.
Today’s price forecast: Bearish
Visa’s stock price extended its gains in latest intraday trading, confirming the breach of the pivotal resistance of $366.55, amid the dominance of the main upward trend in the short term, with positive signals from the Stochastic, coupled with ongoing positive pressure due to trading above the 50-day SMA.
Therefore we expect more gains for the price, especially as it settles above $366.55, targeting the first resistance at $385.00.
Today’s price forecast: Bullish