Intel’s stock price (INTC) fell in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with a spike in trading volumes even as positive signals streamed out of the RSI after reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of $32.15, provided it holds below the resistance of $40.00. 

Expected trading range: between the support of $32.15 and the resistance of $40.00. 

Trend forecast: Likely Bullish 

Chevron Corporation’s stock price (CVX) skidded in the intraday levels while trying to gather momentum to rise anew, as it also vented off overbought saturation in the RSI, with negative signals out of them, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA as the stock trades above it.

Therefore we expect the stock to return higher, targeting the resistance of $163.87 anew, provided the support of $156.63 holds on.

Expected trading range: between the support of $156.63 and the resistance of $163.87. 

Trend forecast: Likely Bullish 

ETSY’s stock price fell in the intraday levels, and fell below the 50-day SMA, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought saturation in the RSI compared to the stock’s movements, hinting at negative divergence. 

Therefore we expect more losses for the stock, targeting the pivotal support of $58.20, provided the current support of $65.88 was reliably breached. 

Trend forecast: Bearish