International Business Machines Corporation (IBM) stock declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. The main medium- and short-term bullish trend remains dominant, supported by continued dynamic momentum from trading above the previous 50-day SMA, which enhances the likelihood of the stock extending its gains in the coming period.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as it remains above the key support level of $153.25, targeting the resistance level of $334.80.
Today’s stock forecast: Bullish.
The Goodyear Tire & Rubber Company (GT) stock declined in its latest intraday trading after the price hit resistance at its previous 50-day SMA, exposing it to renewed negative pressure. This pressure was further intensified by the emergence of bearish signals on the relative strength indicators after reaching extremely overbought levels, all while the main short-term bearish trend remains dominant.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $8.75 holds, targeting the support level of $6.75.
Today’s stock forecast: Bearish.
Salesforce (CRM) stock held steady at a decline in its latest intraday trading, facing continued negative pressure from trading below the previous 50-day SMA and under the dominance of the main medium-term bearish trend, with trading aligned along a short-term descending line that supports this direction. In addition, bearish signals persist on the relative strength indicators, reinforcing the downward outlook.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $258.00 holds, targeting the key support level of $226.50.
Today’s stock forecast: Bearish.
Take-Two Interactive Software, Inc. (TTWO) stock slid lower in its latest intraday trading, breaking below support at its previous 50-day SMA. This move also pushed the stock to break a short-term descending trend line, intensifying the negative pressure surrounding it. The decline was accompanied by a notable increase in trading volumes, confirming the validity of the technical breakdown, while bearish signals continue to appear on the relative strength indicators.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as it remains below the resistance level of $250.00, targeting the support level of $216.35.
Today’s stock forecast: Bearish.