Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Home Depot ends cautiously higher - Analysis - 04-10-2021

Economies.com
2021-10-04 11:39AM UTC

Home Depot's stock (HD) rose 0.49% in the last session, settling at 329.86, while hurt by piercing the main upward trend line recently, thus dominated by a downward descending wave, as the stock suffers from negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 321.65, provided the resistance of 338.40 holds on.

 

Expected trend for today: Bearish

Disney tries to vent off oversold saturation - Analysis - 04-10-2021

Economies.com
2021-10-04 11:41AM UTC

Disney's stock (DIS) rose 4.04% in the last session amid attempts to vent off oversold saturation in the RSI amid positive signals out of it, with the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 167.10, provided the resistance of 175.65 holds on.

 

Expected trend for today: Bearish 

Ford stays flat - Analysis - 04-10-2021

Economies.com
2021-10-04 11:41AM UTC

Ford's stock (F) closed unchanged amid attempts to gather momentum, with support from the 50-day SMA, and amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels amid attempts to vent off that saturation.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 16.40, provided the resistance of 14.79 was breached.

 

Expected trend for today: Bullish

General Motors receives positive support - Analysis - 04-10-2021

Economies.com
2021-10-04 11:40AM UTC

General Motors' stock (GM) rose 0.8% in the last session after leaning on the support of the 50-day SMA, while buoyed by piercing the downward correctional trend line previously, amid negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to rise and target the resistance of 56.95, provided it settles above 52.20.

 

Expected trend for today: Bullish