Intel Corporation’s stock (INTC) extended its gains in the intraday levels, buoyed by positive signals from the RSI, while gathering momentum after the pivotal support of $18.73 held its ground, with the stock thus testing the main downward trend line in the medium term, coinciding with a bump into the resistance of the 50-day SMA, exposing the stock to even more pressure.
Therefore we expect the stock to return lower and target the pivotal support of $18.73 anew, provided the resistance of $24.66 holds on.
Trend forecast for today: Likely Bearish
Harley-Davidson’s stock price (HOG) fell in the intraday levels, amid the dominance of the downward correctional trend in the medium term, while trading alongside the downward secondary trend line in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative divergence in the RSI after reaching overbought levels compared to the stock’s movements.
Therefore we expect more losses for the stock, targeting the pivotal support of $25.45, provided the resistance of $31.32 holds on.
Trend forecast for today: Bearish
3M’s stock price (MMM) rallied in the intraday levels, accompanied by a surge in trading volumes, while managing to pierce the pivotal resistance of $141.45, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, provided it settles firmly above $141.45, targeting the resistance of $168.54.
Trend forecast for today: Bullish
Coinbase Global’s stock price (COIN) edged lower in the intraday levels, while trying to shake off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect the price to return higher and target the pivotal resistance of $349.49, provided the support of $246.37 holds on.
Trend forecast for today: Likely Bullish