General Motors Company’s stock price (GM) edged lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, as the RSI reached overbought levels compared to the stock’s movements. 

Therefore we expect more losses for the stock, provided it settles below the resistance of $49.86, thus targeting the support of $44.06.

Trend forecast for today: Bearish

Blackrock’s stock price (BLK) edged higher in the intraday levels after leaning on the main upward trend line in the short term, lending the stock positive momentum, with positive signals from the RSI after reaching oversold levels, but the stock continues to suffer negative pressure from trading below the 50-day SMA, amid the dominance of the 50-day SMA and the downward correctional wave. 

Therefore we expect more gains for the stock, targeting the pivotal and stubborn resistance of $1068, provided the support of $969 holds on.

Trend forecast for today: Likely Bullish

Microsoft Corp’s stock price (MSFT) rose mildly in the intraday levels after the support of $406.30 held on, as the stock tries to recoup some recent losses, while trying to vent off oversold saturation in the RSI, with negative pressure due to trading below the 50-day SMA, as the stock is hurt by piercing the upward secondary short-term trend line. 

Therefore we expect the price to return lower, provided the aforementioned support of $406.30 held on, thus targeting the next pivotal support at $398.17.

Trend forecast for today: Likely Bearish 

Nu Holdings’ stock price (NU) fell in the intraday levels with negative pressure due to negative signals from the RSI after reaching overbought levels, amid the dominance of the upward trend in the medium term, with positive support from trading above the 50-day SMA, as the stock tries to collect profits and gather positive momentum to rise anew. 

Therefore we expect the price to return higher and target the pivotal resistance of $16.15, provided it settles above $13.19.

Trend forecast for today: Likely Bullish