IBM's stock fell in the intraday levels while trying to vent off overbought saturation in the RSI and gather positive momentum to help it rise anew, amid positive pressure from the 50-day SMA, while buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, recording a loss of 0.07% in the last session, or 0.11 points.
Therefore we expect the stock to return higher, targeting the resistance of 156.03, as long as the support of 147.41 holds on.
Expected trend for today: Likely Bullish
Pfizer's stock fell anew in the intraday levels, recording a loss of 0.50% in the last session, or 0.22 points, while gathering momentum to help it rise anew, as it also vented off overbought saturation in the RSI, as the resistance of 44.45 held on, with positive support from the 50-day SMA, coupled with the complete dominance of the main upward trend in the medium and short terms.
Therefore we expect the stock to return higher, especially if the resistance of 44.45 was breached, targeting the resistance of 45.48.
Expected trend for today: Likely Bullish
McDonald's stock rose 0.46% in the last session, or 0.77 points, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, as long as the support of 161.12 holds on, targeting the resistance of 171.56.
Expected trend for today: Bullish
Morgan Stanley's stock rose 0.15% in the last session, or 0.07 points, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, especially if the support of 47.77 was breached, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 40.06 to 59.38), targeting the next support at 44.62, which represents the ratio 76.4%.
Expected trend for today: Bearish