Ford Motor Company’s stock price (F) advanced in latest intraday trading, after rebounding from the support of the 50-day SMA, which provided positive momentum and helped fuel recent gains. This move comes under the dominance of the main upward trend in the short term, with trading alongside a rising trend line. The latest rise also followed a successful attempt to vent off prior overbought saturation on the Stochastic, giving the stock more room for additional upside.

Therefore we expect the stock to rise in upcoming trading, as long as the support of $11.39 holds on, targeting the first resistance level at $12.50.

Today’s price forecast: Bullish

Avalanche’s currency price (AVAXUSD) edged slightly lower in latest intraday trading, as it attempts to gather positive momentum that may support a new upward move. At the same time, it’s working to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid continued positive pressure from trading above the 50-period SMA, and under the dominance of a short-term upward correctional trend, with trading along a rising trend line.

Therefore we expect the currency to rise in upcoming intraday trading, as long as it remains above $18.43, targeting the pivotal resistance level of $26.84.

Today’s price forecast: Bullish

HP Inc.’s stock price (HPQ) declined in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line. This move is accompanied by negative signals streaming from the Stochastic after reaching extremely overbought levels, and the stock has now broken below the support of the 50-day SMA — adding further negative pressure.

Therefore we expect the stock to decline in upcoming trading, as long as it remains below the price of $26.26, targeting the first support level at $23.45.

Today’s price forecast: Bearish

Accenture plc’s stock price (ACN) extended its decline in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line, with ongoing negative pressure from trading below the 50-day SMA. This drop positions the stock to potentially break the pivotal support level of $276.00, especially with negative signals streaming from the Stochastic after previously reaching extremely overbought levels.

Therefore we expect the stock to decline further in upcoming trading, particularly if it breaks the mentioned support of $276.00, targeting the next support level at $261.00.

Today’s price forecast: Bearish