Home Depot Inc.'s stock price (HD) advanced in the latest intraday trading, receiving a positive boost after rebounding from support at the 50-day SMA. This added bullish momentum came amid the dominance of a short-term upward wave, with the stock trading along a rising trendline. Additionally, a positive crossover has begun to appear in the Relative Strength Indicators, following a successful cooling of prior overbought signals.
Therefore, we expect the stock price to rise in upcoming sessions, as long as support at $365.75 holds, targeting the key resistance level at $389.75 in preparation to challenge it.
Today’s price forecast: Bullish.
AbbVie Inc.'s stock price (ABBV) advanced in the latest intraday trading, preparing to challenge the key resistance level at $198.98. This move is supported by positive signals from the Relative Strength Indicators, along with the dominance of an upward trend as the stock continues to trade along a short-term ascending support line. The stock also benefits from dynamic support provided by trading above the 50-day SMA, reinforcing the stability of its bullish momentum.
Therefore, we expect the stock price to rise in upcoming sessions, especially if it breaks above the mentioned resistance at $198.98, targeting the next key resistance level at $216.65.
Today’s price forecast: Bullish.
T-Mobile US Inc.'s stock price (TMUS) resumed its upward movement in the latest intraday trading, supported by dynamic strength from trading above the 50-day SMA. The stock remains under the control of a primary upward trend, moving along a short-term ascending support line. Additionally, it has successfully relieved overbought pressure as indicated by the Relative Strength Indicators, which supports the stability of its short-term bullish momentum.
Therefore, we expect the stock price to rise in upcoming trading sessions, as long as the support level at $231.55 holds, targeting the resistance level at $251.75 in preparation to challenge it.
Today’s price forecast: Bullish.
Bank of America Corporation's stock price (BAC) advanced slightly in its latest intraday trading, amid the dominance of a short-term upward trend. The stock is attempting to recover and overcome the negative pressure of the 50-day SMA. However, negative signals from the Relative Strength Indicators may hinder the stock’s recovery, at least temporarily.
Therefore, we expect the stock price to rise in upcoming trading sessions, provided that the key support level at $45.00 remains intact, targeting the pivotal resistance level at $47.97.
Today’s price forecast: Neutral.