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General Motors returns higher - Analysis - 03-01-2023

Economies.com
2024-01-03 11:31AM UTC

General Motors' stock (GM) returned higher in the intraday levels, while trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, hinting at positive divergence, with the dominance of the upward correctional trend in the short term.

 

Therefore we expect the stock to rise and target the resistance of 41.00, provided the resistance of 36.81 was breached. 

 

Expected trend for today: Bullish 

BlackRock collects profits - Analysis - 03-01-2024

Economies.com
2024-01-03 11:31AM UTC

BlackRock's stock (BLK) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, amid the dominance of the main upward trend in the medium and short  terms, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 856.55, provided the support of 781.77 holds on.

 

Expected trend for today: Likely Bullish 

Visa gathers positive momentum - Analysis - 03-01-2024

Economies.com
2024-01-03 11:30AM UTC

Visa's stock (V) fell in the intraday levels while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

 

Therefore we expect the stock to return higher, targeting the resistance of 263.70, provided the support of 251.95 holds on.

 

Expected trend for today: Likely Bullish 

Midday update for Brent oil 03-01-2024

Economies.com
2024-01-03 09:26AM UTC

Brent oil price resumes its negative trading to approach 75.00 barrier, which supports the continuation of the expected bearish trend for today, and the way is open to achieve our first waited target at 74.35, noting that breaking it will push the price to 71.70 as a next negative target, while holding below 77.44 represents key condition to the continuation of the expected decline.

 

The expected trading range for today is between 74.00 support and 76.90 resistance.

 

The expected trend for today: Bearish