GameStop Corporation (GME) stock price recorded a slight advance in its latest intraday trading, as the stock attempts to recoup part of its previous losses while also trying to unwind some of its oversold conditions on the RSI, especially with the beginning of a positive crossover. However, the stock remains under continued negative pressure from trading below its SMA50, which limits its recovery prospects in the near term, all under the dominance of the main short-term downward trend. It is also worth noting that GME belongs to the group of so-called meme stocks, which are subject to intense speculative activity and often move in ways that deviate sharply from technical expectations.

Therefore we expect the stock price to decline in upcoming trading, as long as the $21.95 resistance level remains intact, to target the key support at $19.95.

Today’s price forecast: Bearish

Pinduoduo Inc. (PDD) stock price recorded further gains in its latest intraday trading, as the stock attempts through this rise to shake off the negative pressure from its SMA50, signaling a full short-term recovery. This move is supported by a noticeable increase in trading volumes, in addition to incoming positive signals from the RSI, despite the indicator remaining within extremely overbought levels.

Therefore we expect the stock price to continue rising in upcoming trading, to target the first resistance level at $128.85, with strong chances for a breakout.

Today’s price forecast: Bullish

International Business Machines Corporation (IBM) stock price recorded a sharp rise in its latest intraday trading, supported by the beginning of incoming positive signals from the RSI after it reached extremely oversold levels. This comes under the dominance of the main medium-term upward trend; however, the stock is still trading below its SMA50, which represents negative pressure that could hinder its attempts to advance in the near term.

Therefore we expect the stock price to rise in upcoming trading, as long as the key support level at $288.00 holds, to target the $315.35 resistance level.

Today’s price forecast: Bullish

The Goodyear Tire & Rubber Company (GT) stock price recorded a sharp rise in its latest intraday trading, amid the dominance of a short-term corrective upward trend. This move is supported by incoming positive signals from the RSI after it reached extremely oversold levels, alongside continued dynamic support from trading above its SMA50, which enhances the chances of extending the stock’s gains in the coming period.

Therefore we expect the stock price to rise in upcoming trading, especially as long as it remains stable above the $8.75 support level, to target the $10.00 resistance level.

Today’s price forecast: Bullish