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Gilead tries to vent off oversold saturation - Analysis - 30-01-2023

Economies.com
2023-01-30 13:38PM UTC

Gilead's stock (GILD) rose in the intraday levels with positive signals from the RSI after reaching oversold levels while recouping some recent losses and venting off oversold saturation, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 81.81. 

 

Expected trend for today: Bearish

Chevron driven lower by pivotal resistance - Analysis - 30-01-2023

Economies.com
2023-01-30 13:39PM UTC

Chevron's stock (CVX) fell in the intraday levels after the energy giant missed fourth-quarter profits estimates, while earnings beat expectations, with the stock tumbling 4.44% in the last session, or 8.34 points, settling at 179.45, with trading volumes surpassing 19.6 million shares, above 10-day averages of 9.6 million shares.

 

Technically, the stock fell after the pivotal resistance of 188.44 held on, with negative signals from the RSI after reaching overbought levels, with the stock gathering momentum to pierce that resistance, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 213.00, provided the resistance of 188.44 was breached. 

 

Expected trend for today: Bullish

Adobe dominated by upward correctional trend - Analysis - 30-01-2023

Economies.com
2023-01-30 13:39PM UTC

Adobe's stock (ADBE) rose in the intraday levels amid the dominance of the upward correctional trend in the short term, while buoyed by piercing the main downward trend line recently, buoyed by trading above the 50-day SMA, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 396.40. 

 

Expected trend for today: Bullish

Humana tumbles - Analysis - 30-01-2023

Economies.com
2023-01-30 13:39PM UTC

Humana's stock (HUM) skidded in the intraday levels while hurt by piercing the main upward short-term trend line recently, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA. 

 

Therefore we expect more losses for the stock, targeting the support of 469.34, provided the resistance of 515.00  holds on.

 

Expected trend for today: Bearish