Fortinet’s stock price (FTNT) fell in the intraday levels while trying to gather positive momentum to rise anew, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, while a positive divergence started to form in the RSI after reaching oversold levels compared to the stock’s movements. 

Therefore we expect the stock to return higher, targeting the important resistance of $114.82, provided the support of $101.00 holds on.

Trend forecast for today: likely Bullish 

 GitLab’s stock price (GTLB) was exposed to a free fall in the intraday levels, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels, with the stock thus piercing the upward correctional trend line in the short term, doubling the negative pressures, with a surge in trading volumes. 

Therefore we expect more losses for the stock, provided the support of $55.48 was breached, thus targeting the next one at $48.53.

Trend forecast for today: Bearish

Dick’s Sporting Goods’ stock price (DKS) skidded in the intraday levels under negative pressure from trading below the 50-day SMA, while seeking a bottom to bounce it higher, as it leaned on the main upward trend line in the medium term, with positive signals from the RSI.

Therefore we expect the stock to return higher, targeting the pivotal resistance of $251.75, provided the support of $206.60 holds on.

Trend forecast for today: likely Bullish

Adobe’s stock price (ADBE) edged higher in the intraday levels while trying to recoup some recent losses, as it vented off oversold saturation in the RSI, while still suffering negative from trading below the 50-day SMA, amid the dominance of the main downward trend in the medium term, while trading alongside the secondary short-term trend line. 

Therefore we expect the stock to return lower, targeting the support of $403.75, provided the resistance of $465.70 holds on.

Trend forecast for today: likely Bearish