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Home Depot resumes decline - Analysis - 17-09-2020

Economies.com
2020-09-17 11:22AM UTC

Home Depot's stock returned lower with a 1.38% loss while trying to gather momentum and vent off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 292.51. 

 

Expected trend for today: Bullish 

Honeywell surrounded with positive signals - Analysis - 17-09-2020

Economies.com
2020-09-17 11:21AM UTC

Honeywell's stock rallied 1.01% in the last session while trading alongside the upward short-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 182.30, provided the support of 165.24 holds on. 

 

Expected trend for today: Bullish 

Hewlett-Packard tries to regain footing - Analysis - 17-09--2020

Economies.com
2020-09-17 11:21AM UTC

Hewlett-Packard's stock rose 0.78% in the last session while trading alongside the upward medium-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the important resistance of 20.21, provided the support of 18.70 holds on. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 17-09-2020

Economies.com
2020-09-17 09:32AM UTC

Wheat price trades with strong positivity now to surpass 544.00 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will push the price to achieve additional gains that reach 548.80 followed by 557.30, while trading below it again will reactivate the bearish trend scenario that targets 536.80 level initially.

 

Therefore, we will stay neutral temporarily until the price confirms its situation according to 544.00 to detect its next destination clearly.

 

The expected trading range for today is between 525.00 support and 550.00 resistance.

The expected trend for today: Neutral