Gamestop Corporation’s stock price (GME) fell mildly in the intraday levels, while trying to gather positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect the stock to return higher, provided it settles firmly above $29.79, targeting the first resistance at $40.50.

Trend forecast today: Likely Bullish 

Pinduoduo’s stock price (PDD) skidded in the intraday levels, amid negative pressure from trading below the 50-day SMA, with the dominance of the downward trend in the short term, while a negative divergence formed in the RSI after reaching overbought levels compared to the stock’s movements. 

Therefore we expect more losses for the stock, targeting the pivotal support of $89.50, provided the resistance of $108.87 holds on.

Trend forecast today: Bearish 

International Business Machines Corporation’s stock price (IBM) fell in the intraday levels, while gathering positive momentum to rise anew, while leaning on the upward secondary trend line in the short term, as it also leaned on the support of the 50-day SMA, accompanied by positive signals from the RSI.

Therefore we expect the stock to return higher, provided it settles firmly above $221.76, thus targeting the pivotal resistance of $237.37.

Trend forecast today: Likely Bullish 

The Goodyear Tire & Rubber Company’s stock price (GT) edged higher in the intraday levels, buoyed by positive signals from the RSI, however it reached overbought levels compared to the stock’s movements, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support of $7.63, provided it settles below the resistance of $9.00.

Trend forecast today: Likely Bearish