Fortinet, Inc. (FTNT) declined in its latest intraday trading, amid ongoing negative signals from the RSI indicators despite their presence in oversold territory. This comes alongside sustained dynamic bearish pressure from trading below its previous 50-day SMA, under the dominance of the main short-term descending trend.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $87.20 remains intact, targeting the first support level at $77.20.

Today’s price forecast: Bearish

GitLab (GTLB) declined in its latest intraday trading, amid full dominance of the main medium-term descending trend, with the stock moving alongside a short-term secondary trendline. Negative pressure continues as the price trades below its previous 50-day SMA. In addition, negative signals are flowing from the RSI indicators after they reached extremely overbought levels in an exaggerated manner compared with the stock’s price action.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $41.55 remains intact, targeting the support level at $35.80.

Today’s price forecast: Bearish

Dick’s Sporting Goods Inc. (DKS) continued to decline in its latest intraday trading, amid sustained dynamic negative pressure from trading below its previous 50-day SMA. This move is accompanied by negative signals flowing from the RSI indicators after they had earlier reached extremely overbought levels, increasing the bearish pressure surrounding the stock in the coming period.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $222.00 remains intact, targeting the support level at $197.20.

Today’s price forecast: Bearish

Adobe Inc. (ADBE) rose in its latest intraday trading, supported by its breakout above a short-term descending trendline. The stock is also benefiting from dynamic support as it continues to trade above its 50-day SMA. However, we note the start of negative signal inflows from the RSI indicators after reaching extremely overbought levels, which could weigh on the stock’s upside in the near term.

Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above the support level at $332.00, targeting the pivotal resistance level at $404.50.

Today’s price forecast: Bullish