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Home Depot pierces pivotal resistance - Analysis - 15-10-2021

Economies.com
2021-10-15 12:09PM UTC

Home Depot's stock (HD) rallied 1.71% in the last session, succeeding in piercing the pivotal resistance of 338.50, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 358.00, provided the resistance of 338.50 was breached.

 

Expected trend for today: Bullish

IBM receives positive support - Analysis - 15-10-2021

Economies.com
2021-10-15 12:10PM UTC

IBM's stock rallied 1.87% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, amid the dominance of the upward trend in the medium term, while buoyed by positive technical pattern that formed in the short term, the Falling Wedge pattern, with positive signals from the RSI after reaching oversold levels.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 152.70, provided the support of 137.13 holds on.

 

Expected trend for today: Bullish

Hewlett-Packard tries to vent off oversold saturation - Analysis - 15-10-2021

Economies.com
2021-10-15 12:10PM UTC

Hewlett-Packard's stock (HPQ) rose 3.81% in the last session, while venting off oversold saturation in the RSI after positive signals out of them, while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 24.50, provided the pivotal support of 26.90 was breached.

 

Expected trend for today: Bearish

Honeywell rises cautiously - Analysis - 15-10-2021

Economies.com
2021-10-15 12:09PM UTC

Honeywell's stock (HON) rose 1.4% in the last session, settling at 218.59, amid negative pressure from the 50-day SMA, with the dominance of the downward correctional wave after piercing the main upward trend line recently.

 

Therefore we expect the stock to return lower, targeting the support of 207.80, provided it settles below 216.70.

 

Expected trend for today: Bearish