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Home Depot tries to recoup losses - Analysis - 08-03-2021

Economies.com
2021-03-08 12:33PM UTC

Home Depot's stock (HD) rose 1.03% in the last session amid negative pressure from the 50-day SMA, while hurt by piercing the upward trend line recently, with the dominance of the downward short-term correctional trend, added to negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the support of 240.00, provided the resistance of 261.40 holds on.

 

Expected trend for today: Likely Bearish 

Honeywell receives powerful support - Analysis - 08-03-2021

Economies.com
2021-03-08 12:32PM UTC

Honeywell's stock (HON) rose 1.79% in the last session after leaning on the support of the main upward medium-term trend line, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 216.45 anew. 

 

Expected trend for today: Bullish 

Hewlett-Packard returns higher - Analysis - 08-03-2021

Economies.com
2021-03-08 12:32PM UTC

Hewlett-Packard's stock (HPQ) returned higher with a 5.99% profit in the last session, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 32.85. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 08-03-2021

Economies.com
2021-03-08 10:43AM UTC

Wheat price shows sideways trading since morning, settling around 655.00 level, and the EMA50 continues to press negatively on the price, to keep the bearish trend valid for today, which depends on the price stability below 662.50, reminding you that our waited targets begin at 644.20 and extend to 629.40.

 

The expected trading range for today is between 640.00 support and 662.50 resistance.

The expected trend for today: Bearish