General Electric Company (GE) stock price recorded a slight pullback in its latest intraday trading, as the stock attempts to take profits from its previous gains while seeking to rebuild positive momentum for another advance. The move remains supported by continued trading above its SMA50, providing dynamic support, under the dominance of the main medium-term upward trend, with price action moving along a supportive trend line. Positive signals are also appearing on the RSI after it reached oversold territory.
Therefore we expect the stock price to rise in upcoming trading, as long as the $291.00 support level holds, to target the key resistance at $332.80.
Today’s price forecast: Bullish
General Mills, Inc. (GIS) stock price recorded a sharp rally in its latest intraday trading, successfully breaking above a main medium-term downward trend line. This move coincided with a breakout above its SMA50 resistance, allowing the stock to shed its negative pressures at once and signaling potential extension of gains in the near term, especially with positive signals coming from the RSI, despite the indicator reaching overbought territory.
Therefore we expect the stock price to rise in upcoming trading, as long as it remains above the $45.80 support level, to target the $51.30 resistance level.
Today’s price forecast: Bullish
Occidental Petroleum Corporation (OXY) stock price recorded gains in its latest intraday trading, after previously managing to unwind its overbought conditions on the RSI, giving the stock more room to achieve recent advances. Price action continues to move along a short-term minor upward trend line, with ongoing dynamic support from trading above its SMA50.
Therefore we expect the stock price to rise in upcoming trading, as long as the $43.45 support level holds, to target the key resistance at $48.60.
Today’s price forecast: Bullish
CrowdStrike Holdings, Inc. (CRWD) stock price recorded continued losses in its latest intraday trading, amid ongoing negative pressure from trading below its SMA50, which reinforces the stability and dominance of the short-term corrective downtrend, with price action moving along a trend line supporting this bearish path. Negative signals are also continuing to appear on the RSI, adding to downside pressure.
Therefore we expect the stock price to lean toward further decline in upcoming trading, but only if it first breaks below the key support level at $402.65, to target the next support at $355.65.
Today’s price forecast: Neutral